Euro fall to continue, say analysts
FRONT PAGE NEWS
The sharp drop in the unit last week has forced strategists to significantly lower their forecasts for the beleaguered single currency.
JP Morgan Chase has revised its year-end target for euro/dollar from 1.30 to 1.20. “The French/Dutch rejections of the EU constitution have generated more negative sentiment than expected,” said Rebecca Patterson, currency strategist at JP Morgan Chase in New York. “While we do expect to see some dollar weakness over the summer, we view this as temporary ahead
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