You are here

German bank sees euro going down 4% by end-2015

Top forecaster LBBW thinks ECB may have to resort to QE as early as November

BT_20141007_EURO78TSA_1304560.jpg
Precarious: While LBBW's prediction is already among the most bearish, BNP Paribas is forecasting an even lower US$1.18 for the euro.

[TORONTO] Landesbank Baden-Wuerttemberg (LBBW) is predicting that the euro will tumble 4 per cent to US$1.20 by the end of 2015, adding to its 11 per cent drop from this year's high of US$1.3993 in May.The German bank, which topped Bloomberg's rankings for the four quarters ended Sept 30 and

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom