Experts Anticipate Euro Weakness Will Continue
FRONT PAGE
HOUSTON--Economists and foreign exchange analysts are forecasting that the euro could slip below $1.05 in the next few weeks and may not recover for some time.
David Gilmore, a partner at FX Analytics in Essex, Connecticut, says the euro is unlikely to crawl back to its launch rate of $1.17 soon. He forecasts that the euro will sink "below $1.05 in the medium term", and suggests any upward move will result from US dollar weakness, rather than eurozone strength.
He also expects that a possible
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