CURRENCY FORECASTS
CURRENCY FORECASTS
Euro to rise to 1.22 against the dollar in 2002, says Goldman Sachs yearly currency forecast
The euro is undervalued by 25% against the dollar, according to Jim O’Neill, US investment bank Goldman Sachs’ chief currency strategist. He was speaking at the recent Goldman Sachs Foreign Exchange Conference, held at the Savoy Hotel in London in February.
"This is the biggest misalignment the dollar has had since the euro started," he later told FX Week. Goldman Sachs uses the 12-month forecast as an
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