BNPP: Euro value to drop following G-20 meeting
"We suggested QE and additional liquidity in the US would be the dominant theme, and specific risk factors surrounding the euro would be the sub-theme," said Hans Guenter Redeker, head of foreign exchange strategy at BNP Paribas in London.
BNPP believes the impact of the Asian currency appreciation will become a key factor in valuations. This follows a pledge made by finance ministers at the G-20 meeting in South Korea on October 22–23 to reform the IMF, fight competitive devaluations and
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