Goldman Sachs Cuts Its EUR/USD Forecasts

Goldman Sachs cuts its EUR/USD forecast and now expects the pair to trade at 1.23, 1.20 and 1.15, in 3, 6 and 12 month from 1.29, 1.25 and 1.20 previously. GS expects EUR/USD to fall to parity by the end of 2017. “Overall, we think current levels in EUR/$ do not yet reflect the kind of balance …

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