It will be at par soon, and some economists predict it will go below the dollar. From Financial Times this week: "However, in the last few days, some of them have been revising their forecasts. Deutsche Bank, which has warned about the pace of capital outflows from Europe, predicted on Tuesday that the euro would not only hit parity by the end of this year but continue falling, to $0.90 by 2016 and $0.85 by 2017. Elsa Lignos, senior currency strategist at RBC Capital Markets, forecast that the euro would reach $1.05, but added: “The closer we get to that level the louder the calls will grow for parity." |
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