Wells Fargo: Euro Will Gradually Depreciate
15 March 10:10 AM
The analytic team of Wells Fargo assumes that the Euro currency
will keep depreciating. However the decline will be gradual. According
to them, the eurozone recession and the ECB’s soft monetary policy will
keep pressing the common currency. They expect EURUSD to decline down to
1.27 within 3 months while 1.20 will be reached within a year. Amid the
recent roller coaster this decline looks fairly smooth.
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