Market expects euro/dollar parity
MARKET NEWS
FRANKFURT -- As the recent dollar weakness trend beds in, the FX markets are now eyeing euro/dollar parity by the end of this year, market participants told FX Week.
And some believe the target could be reached even earlier. Bob Sinche, head of global research at Citibank in New York, predicted a levelling between a range of $0.9750 and $1.035 by August.
The movement is a sign of dollar weakness more than euro strength, agreed analysts, but with psychology negative towards the US at present, the
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