internationallove Posted April 5, 2011 Author Share Posted April 5, 2011 "Geithner: US debt will reach ceiling by May 16"(2011-04-05) Treasury Secretary Timothy Geithner warned the Congress that US debt will reach the country's $14.294 trillion debt ceiling no later than May 16. Earlier the Treasury Department estimated that the limit will be hit between April 15 and May 31. If US lawmakers don’t raise the ceiling by this May 16, the Treasury will have to employ a range of extraordinary measures to prevent the United States from defaulting on its obligations. However, Geithner said that these measures could put off the inevitable only for eight weeks or so and the US won’t be able to borrow within the limit after about July 8, 2011. The data on March 31 showed that the debt subject to the legal borrowing limit was $14.218 trillion, or roughly $76 billion under the legal cap. Typically, that's a little over two weeks of borrowing, although debt levels can fluctuate up or down on a daily basis. Geithner underlined that the Treasury won’t start a “fire sale” of financial assets such as gold because this will damage financial markets making investors lose confidence in the US solvency.0:00 /07:43How to cure U.S. budget 'stupidity' If Congress doesn’t increase the debt limit, a broad range of government payments would have to be stopped, limited or delayed, including military salaries and retirement benefits, Social Security and Medicare payments, interest on the debt, unemployment benefits and tax refunds. According to the official estimates, American government will need to borrow $738 billion by the end of this fiscal year. Comment here http://www.fbs.com/analytics/news_markets/view/6851 Quote Link to comment Share on other sites More sharing options...
internationallove Posted April 6, 2011 Author Share Posted April 6, 2011 "Nomura: euro risks are still high "(2011-04-06) Analysts at Nomura Securities claim that the single currency has been trading so far as if there was no sovereign debt crisis. The market has ignored the issues in Portugal, Ireland and Greece and the risk premium on euro has been declining since January after risk premiums were driving all the EUR/USD moves in 2010. The specialists note that in case of positive outlook for euro that wouldn’t be a problem, but since the crisis is still unresolved everything may go wrong. In their view, investors have priced in about 85 to 90 basis points of interest rate hikes this year, so if the ECB doesn’t meet the expectations that will certainly harm the single currency. The strategists believe that the risks of debt restructuring are rather high. According to Nomura, the restructuring solely in Greece, Ireland and Portugal will cost the core euro zone around $235 billion, while a restructuring that also involves Spain would require from the ECB about $480 billion. These numbers aren't insurmountable, but getting to them would be very difficult from the political point of view. The analysts recommended selling euro versus Norwegian krone and maybe British pound. Chart. Daily EUR/USD Comment here http://www.fbs.com/analytics/news_markets/view/6856 Quote Link to comment Share on other sites More sharing options...
internationallove Posted April 6, 2011 Author Share Posted April 6, 2011 "BofT-Mitsubishi: yen will keep weakening"(2011-04-06) Japanese yen fell to the 6-month minimum at 85.52 versus the greenback. After G7 nations conducted joint intervention on March 18 to stop yen’s appreciation that hit the postwar record maximum at 76.25 yen per dollar, the currency lost 5.1% surviving the biggest decline among 10 developed-nation currencies. Analysts at Bank of Tokyo-Mitsubishi UFJ expect that the Bank of Japan will fall behind the other major central banks in ending monetary stimulus measures as the nation’s economy needs support to recover from the biggest earthquake in its history. In their view, yen is likely to remain the weakest currency for a long time. The BOJ 2-day policy meeting has begun today and it is thought that the country’s monetary authorities may decide on new fund-providing measures. According to Bloomberg that is citing unnamed sources, the central bank is considering offering a credit program to spur banks to lend to companies with cash-flow shortages. Chart. Daily USD/JPY Comment here http://www.fbs.com/analytics/news_markets/view/6858 Quote Link to comment Share on other sites More sharing options...
internationallove Posted April 6, 2011 Author Share Posted April 6, 2011 "UBS, ING: comments on Swiss CPI growth"(2011-04-06) According to the data released today, Switzerland’s CPI added in March 0.6% from the level of the previous month, while the economists were looking forward only to 0.2% increase. Analysts at UBS note that such unexpectedly strong growth of Swiss consumer prices was due to the technical factors. The specialists draw investors’ attention to the fact that the CPI basket was revised: clothing was given much heavier weighting and, as a result, the index has become more volatile. Currency strategists at ING explain the surprising advance of Swiss prices by the seasonal energy and clothing price increases. In their view, these factors are temporary, so there’s still no reason for the SNB to end its expansive monetary policy. The analysts reminded that, according to the Swiss National Bank forecast, the headline inflation won’t break above the 2% threshold before middle of 2013. Chart. Daily EUR/CHF Comment here http://www.fbs.com/analytics/news_markets/view/6860 Quote Link to comment Share on other sites More sharing options...
internationallove Posted April 6, 2011 Author Share Posted April 6, 2011 "Commerzbank: USD/JPY on its way up to 94.50 "(2011-04-06) US dollar recovered from the record minimum at 76.31 hit on March 16 reaching the 6-month maximums above 85.00. Technical analysts at Commerzbank note that the pair USD/JPY is coming closer to the key resistance in the 85.62/84 area, representing the top of the 2007-2011 down trend channel and the 50% retracement of the decline from May 2010. The specialists expect that although there will be some profit taking at those levels, US currency will manage to get higher to 87.55 and 94.50. Chart. Weekly USD/JPY Comment here http://www.fbs.com/analytics/news_markets/view/6862 Quote Link to comment Share on other sites More sharing options...
internationallove Posted April 6, 2011 Author Share Posted April 6, 2011 "Pimco: Portugal won’t be able to withstand on its own"(2011-04-06) Analysts at Pacific Investment Management Co., the world’s biggest bond fund, claim that the increase in the ECB interest rates and the resulting stronger euro will have a very negative impact on Greece, Ireland and Portugal. The specialists claim that although the European Central bank has to make decisions for the euro area as a whole, it should probably consider the possibility of hiking rates for the strong countries while conducting more loose policy for the weakest peripheral countries. According to Pimco, the best thing to do for the European monetary authorities is to acknowledge the fact that Greece, Ireland and Portugal face significant solvency challenges and some or all of them will need to restructure their sovereign and sovereign-guaranteed debt. The strategists point out that Greece’s second review of its program with the International Monetary Fund showed that the program is not working. As for Portugal, Pimco thinks that the resign of the national government last month has only put off the inevitable apply for the bailout. Analysts at Commerzbank share this point of view claiming that as the Portugal 5-year bond yields are still at 9.9%, it’s only a matter of time until the country has to ask for help. In their view, the outcome of today’s 6-month and 12-month bill auctions doesn’t matter as Portugal won’t be able to deal with its problems on its own. Chart. Daily EUR/USD Comment here http://www.fbs.com/analytics/news_markets/view/6864 Quote Link to comment Share on other sites More sharing options...
internationallove Posted April 6, 2011 Author Share Posted April 6, 2011 "Barclays Capital: yen will lose to euro and dollar"(2011-04-06) Technical analysts at Barclays Capital believe that the pair EUR/JPY is getting ready to reverse its downtrend that was holding since 2008. In their view, if the single currency breaks above 122.30, it will get chance to advance to 127.95. If euro closed the week above the top of the Ichimoku Cloud at 121.95, the bulls will become strong enough to push the rate higher to 139.00 later in 2011. Chart. Weekly EUR/JPY As for the pair USD/JPY, its recent advance means that the greenback has formed an important base and may now move up towards the top of the weekly Cloud in the 88.40 area. The strategists expect US currency to consolidate above 83.85, ideally 84.50. According to them, the outlook for the pair will remain bullish. Resistance levels for USD/JPY are found at 85.95 and 87.15. Chart. Weekly USD/JPY Comment here Barclays Capital: yen will lose to euro and dollar Quote Link to comment Share on other sites More sharing options...
internationallove Posted April 6, 2011 Author Share Posted April 6, 2011 "Canadian dollar renewed maximum versus the greenback"(2011-04-06) Canadian dollar rose to the more than 3-year maximum versus its US counterpart in the 0.9590 area. Loonie was helped by the growth of the global equities that encouraged the demand for higher-yielding currencies. Strategists at Canadian Imperial Bank of Commerce believe that loonie’s strength is caused mainly by the weakness of US dollar due to the nation’s fiscal problems. In addition, the interest rate differential is in favor of Canadian dollar. Technical analysts at Commerzbank note that the pair USD/CAD has breached the support line from October to April at 0.9607 and is now poised for a decline to 0.9577 and then to the psychologically-important 0.95 region. The specialists say that they will maintain the negative outlook for the greenback as long as it’s trading below the 55-day moving average at 0.9832. Chart. Daily USD/CAD Comment here http://www.fbs.com/analytics/news_markets/view/6870 Quote Link to comment Share on other sites More sharing options...
internationallove Posted April 7, 2011 Author Share Posted April 7, 2011 "Portugal has finally asked EU for help"(2011-04-07) Portugal’s Prime Minister Jose Socrates announced yesterday evening in a televised statement that the country will apply to the European Commission for bailout, reports Bloomberg. Socrates underlined that it’s not possible anymore to put off asking for help as the nation’s political crisis pushed borrowing costs to record levels. Socrates who leads the Socialist Party offered to resign on March 23 after parliament rejected proposed budget cuts, leaving him in charge of a caretaker government with limited powers until a June 5 election. According to the information from the unidentified source, Portugal is aiming for a package that may be worth as much as 75 billion euro ($107 billion). Specialists at Credit Agricole say that Portugal may initially ask for a bridging loan to support its finances until a new government has been formed, while the full package will be delivered only after the elections. Analysts at UBS note that the fact that Portugal will seek for bailout didn’t surprise the markets at all as they have long ago priced in such outcome. Economists at UniCredit also don’t think that Portugal’s announcement will provoke a new wave of the European crisis. Portuguese government bonds due March 2012 were sold yesterday at an average yield of 5.902%. That’s more than Germany pays for 30-year bonds. The yield on Portugal’s 10-year government bond rose to a high of 8.80% this week. The premium that investors demand to hold Portuguese debt over German bunds reached the maximal level since euro was launched of 544 basis points on April 5. Chart. H4 EUR/USD Comment here http://www.fbs.com/analytics/news_markets/view/6873 Quote Link to comment Share on other sites More sharing options...
internationallove Posted April 7, 2011 Author Share Posted April 7, 2011 "Commerzbank: comments on EUR/USD"(2011-04-07) The single currency climbed from last week’s minimum at 1.4020 to the 15-month maximums in the 1.4350 area breaking above the 3-year downtrend. Technical analysts at Commerzbank think that although the RSI indicator has not confirmed the maximum the momentum for the pair EUR/USD will remain bullish as long as it’s trading above 1.4137. The break higher will be confirmed if euro closes the week above 1.4269/83. According to the bank, resistance levels are now found at 1.4425 (long-term double Fibonacci retracement) and 1.4535 (1995 maximum). Chart. H4 EUR/USD Comment here Commerzbank: comments on EUR/USD Quote Link to comment Share on other sites More sharing options...
internationallove Posted April 7, 2011 Author Share Posted April 7, 2011 "Barclays Capital: comments on EUR/CHF"(2011-04-07) Technical analysts at Barclays Capital claim that the single currency has to close the day above the 1.3205 level versus Swiss franc that represents neckline of the “double bottom” formation in order to get chance to rise to 1.38/40. As for the near-term trade, the outlook for the pair EUR/CHF will remain bullish as long as it’s trading above 1.3040. As a result, the specialists recommend buying euro on dips. Chart. Daily EUR/CHF Comment here http://www.fbs.com/analytics/news_markets/view/6879 Quote Link to comment Share on other sites More sharing options...
internationallove Posted April 7, 2011 Author Share Posted April 7, 2011 "US government may shut down tomorrow"(2011-04-07) US government shutdown on Friday seems to be more and more likely. It will happen if the American lawmakers fail to come to an agreement on how to finance the government as the Federal budget for the current fiscal year that began on October 1, 2010, hasn’t been adopted yet. Strategists at Bank of America Merrill Lynch aren’t very concerned about the matter claiming that US sovereign debt rating and the greenback won’t be affected much in case of the temporary shutdown. In 1995 such happened already twice. The first time, the dollar was little moved versus euro or yen, while the second time that took place a month later, US currency actually rose against yen. It’s necessary to remember that a much more important deadline is looming for the US government and investors should focus their attention on the outcome of the debate on raising the debt ceiling. Strategists at Citigroup note that it’s possible to shut down the government without defaulting, but the real default would lead to terrible consequences for the greenback. Anyway, the bank says there are few reasons to be long for the greenback unless some global catastrophe makes investors rush to safe havens. According to Citigroup, dollar’s accounting for about two-thirds of global reserves, so the supply exceeds demand and investors will seek opportunities to sell the currency. Chart. Daily EUR/USD Comment here http://www.fbs.com/analytics/news_markets/view/6881 Quote Link to comment Share on other sites More sharing options...
internationallove Posted April 7, 2011 Author Share Posted April 7, 2011 "Westpac advises to buy AUD/USD"(2011-04-07) Australian dollar once again renewed today the post-flow maximums versus the greenback at 1.0488. Aussie also strengthened to 30-month high against Japanese yen. Australia’s currency was supported by the encouraging macroeconomic data: the unemployment level dropped in March from 5% to 4.9%. The number of jobs increased by 37,800, while the economists were looking forward only to 24,000 increase. Currency strategists at Westpac claim, that for US dollar bears buying Aussie seems to be the best trading strategy. In March the pair AUD/USD gained 3.3%, while the pair AUD/JPY increased by 7.2%. Chart. Daily AUD/USD Comment here http://www.fbs.com/analytics/news_markets/view/6883 Quote Link to comment Share on other sites More sharing options...
internationallove Posted April 7, 2011 Author Share Posted April 7, 2011 "BNP Paribas: comments on USD/JPY"(2011-04-07) Technical analysts at BNP Paribas claim that US dollar’s advance versus yen has slowed down as the pair USD/JPY approached resistance provided by the bottom of the weekly Ichimoku Cloud at 85.75. Today the greenback won’t be able to overcome this level. In their view, upside momentum for US currency is declining. According to the bank, although yen will continue weakening during the coming weeks, the pair won’t be able to get above the top of the weekly Cloud at 87.94. Chart. Weekly USD/JPY Comment here http://www.fbs.com/analytics/news_markets/view/6886 Quote Link to comment Share on other sites More sharing options...
internationallove Posted April 8, 2011 Author Share Posted April 8, 2011 "Gaitame.Com: euro may weaken versus yen"(2011-04-08) Technical analysts at Gaitame.Com Research Institute Ltd. claim that the single currency doesn’t manage to close above 123 yen, it will fall below the trend line connecting its March 29 and April 7 minimums. In their view, the pair EUR/USD may lose more than 4% easing down to the 12-day MA at 118.42 yen and the previous level of resistance at 116 yen. Euro reached the highest level since May 5 at 122.94 yen on April 6. The last when the European currency traded below 116 yen was on March 29. Chart. H1 EUR/JPY Comment here http://www.fbs.com/analytics/news_markets/view/6893 Quote Link to comment Share on other sites More sharing options...
internationallove Posted April 8, 2011 Author Share Posted April 8, 2011 "Commerzbank: bullish outlook for EUR/USD"(2011-04-08) The single currency gained almost 400 pips versus its US counterpart during the last 2 weeks and managed to break above the 3-year downtrend line. Technical analysts at Commerzbank claim that if the pair EUR/USD closes the week above 1.4285, the recent bullish breakthrough will be confirmed. In their view, the outlook for euro is positive as long as it’s trading above the 4-month uptrend that’s currently at 1.4157. According to the bank, the key resistance levels are found at 1.4445 (long term double Fibonacci retracement) and 1.4535 (1995 maximum). The specialists expect that these levels will hold the initial attack of the bulls. Chart. H4 EUR/USD Comment here http://www.fbs.com/analytics/news_markets/view/6895 Quote Link to comment Share on other sites More sharing options...
internationallove Posted April 8, 2011 Author Share Posted April 8, 2011 "Mizuho: Fed won’t follow ECB in hiking rates"(2011-04-08) According to Mizuho Securities, the fact that the European Central bank raised yesterday the key interest rate by 25 basis points to 1.25% in order to stem inflation doesn’t mean that the Federal Reserve will also hurry to follow the tightening path. The specialists note that the ECB President Jean-Claude Trichet claimed that the main reason of the rate hike was the oil prices’ surge. The Fed, however, traces other, less volatile indicators such as the core inflation that excludes food and fuel prices and is much lower. According to the Bureau of Labor Statistics, consumer prices less food and energy rose by 0.2% in February in comparison with January’s level. To sum up, the bank is sure that the Fed won’t be influenced by the ECB's move that, of course, will harm the greenback. Chart. Daily EUR/USD Comment here http://www.fbs.com/analytics/news_markets/view/6898 Quote Link to comment Share on other sites More sharing options...
internationallove Posted April 8, 2011 Author Share Posted April 8, 2011 "BOJ: the results of policy meeting"(2011-04-08) The Bank of Japan announced yesterday the launch of the new 1-trillion-yen loan facility for the reconstruction of those regions that were most affected by the March earthquake. Analysts at Danske Bank claim that this program may hardly be regarded as an aggressive move as the total quantitative easing so far exceeds 40 trillion yen. The new loan facility will be available for maturities up to one year and with a 0.1% interest rate. In addition, the BOJ claimed that eligible collateral for loans will be expanded, but details won’t be announced until the next monetary policy meeting on April 28. It’s also necessary to note that, as it was expected, the central bank reduced the outlook for the nation’s economy. According to the BOJ, in the short term Japanese economy will be strongly affected by the disruptions in the supply chain and these problems will be resolved by June or July. If the BOJ assumptions come true, the negative impact on Japanese economy will be largely concentrated in the second quarter of the year, while in the second half of the year the country may start recovering. The revised macroeconomic forecasts will be released on April 28 as well. Economists surveyed by Reuters expect that the pair USD/JPY will keep gradually rising in the long term. According to the median forecast of the analysts of about 60 banks, US dollar will trade in the 84.00 area during the next 3 months, finish the third quarter at 86.00 and reach the 90.00 area in the first quarter of 2012. Chart. Daily USD/JPY Comment here http://www.fbs.com/analytics/news_markets/view/6899 Quote Link to comment Share on other sites More sharing options...
internationallove Posted April 8, 2011 Author Share Posted April 8, 2011 "UBS: euro and yen are overvalued versus the greenback"(2011-04-08) Currency strategists at UBS claim that despite the European Central Bank’s rate increase the single currency is overvalued. The specialists think that the fair value for the pair EUR/USD is at $1.20. Chart. Daily USD/JPY The bank is very bearish on Japanese yen claiming that the natural disasters will force the Bank of Japan to hold rates at the record minimum while other major world central banks tighten their policy. According to UBS, the pair USD/JPY will rise to 90 yen by the end of this year and finish 2012 at 100 yen per dollar. Chart. Daily USD/JPY Comment here http://www.fbs.com/analytics/news_markets/view/6901 Quote Link to comment Share on other sites More sharing options...
internationallove Posted April 11, 2011 Author Share Posted April 11, 2011 "Ichimoku. Weekly forecast. GBP/USD"(2011-04-11) British currency has significantly advanced during the past week. On the weekly chart there are plenty of bullish signals. Tenkan-sen and Kijun-sen still hold in place strong “golden cross” formed above Kumo (1), while the prices managed to close above the Turning line (2). In addition, the Ichimoku Cloud is still directed upwards and the rising Senkou Span A is actively expanding it upwards that points at the growing power of the bullish players. Chart. Weekly GBP/USD Daily GBP/USD On the daily chart the prices recoiled from the Ichimoku Cloud that means the uptrend is going to continue. Tenkan-sen went up preparing to cross the Standard line bottom-up forming the “golden cross” (1) above the Kumo. The signal is strengthened by the Chinkou Span that has broken up through the price chart (2). The Preceding lines have also switched upwards from the previous horizontal mode (3). As a result, there are enough positive signals on the weekly and daily charts to suppose that this week the bulls will keep dominating at the market. Chart. Daily GBP/USD Comment here http://www.fbs.com/analytics/news_markets/view/6906 Quote Link to comment Share on other sites More sharing options...
internationallove Posted April 11, 2011 Author Share Posted April 11, 2011 "Ichimoku. Weekly forecast. USD/JPY"(2011-04-11) Weekly USD/JPY Last week the greenback continued strengthening versus Japanese yen – the pair USD/JPY has left the range within which it was trading since the beginning of November. All lines of the Indicators except Senkou Span B have reversed upwards (1, 2). The Lagging line broke up through the price chart (3). As the same time it’s necessary to note that the bulls approach the lower border of the Cloud that will provide some resistance. The prices have chance to get inside the Ichimoku Cloud but the odds are that they won’t be able to overcome Senkou Span B. Chart. Daily USD/JPY Daily USD/JPY On the daily chart Tenkan-sen is still moving up (1), though the bulls’ positions seem to be vulnerable. The Standard line and Senkou Span B became horizontal (2, 3). The signal from the “golden cross” (4) is rather weak as Tenkan-sen and Kijun-sen intersected below the Ichimoku Cloud. The Cloud itself is very thin, so if the bears take the lead they will be able to break it quite easily. It seems that the market is returning to the sideways mode. Chart. Daily USD/JPY Comment here http://www.fbs.com/analytics/news_markets/view/6907 Quote Link to comment Share on other sites More sharing options...
internationallove Posted April 11, 2011 Author Share Posted April 11, 2011 "Ichimoku. Weekly forecast. USD/CHF"(2011-04-11) Weekly USD/CHF All lines of the Indicator are flat that means that the pair will keep consolidating at the weekly timeframe. The bears are still strong that is shown by the wide bearish Kumo. Chart. Weekly USD/CHF Daily USD/CHF On the daily chart the long-term trend is sideways: the Standard line (1) and the Senkou Span B (2) are horizontal. Tenkan-sen, the Turning line, has reversed downwards (3), so the pair USD/CHF may return to the minimums. Such assumption is confirmed by the Chinkou Span that recoiled down from the price chart (4). In addition, it’s necessary to note that the prices breached down Kijun-sen. As a result, it’s possible to enter the market selling dollars. Chart. Daily USD/CHF Comment here http://www.fbs.com/analytics/news_markets/view/6908 Quote Link to comment Share on other sites More sharing options...
internationallove Posted April 11, 2011 Author Share Posted April 11, 2011 "Commerzbank: comments on EUR/USD"(2011-04-11) The single currency rose last week above resistance versus the greenback at the 1.4445 level representing 61.8% Fibonacci retracement of the decline from the 2008 maximum and 78.6% retracement of the decline from 2009 high. The pair EUR/USD is approaching the 1995 maximum at 1.4535. Technical analysts at Commerzbank claim that these levels will be able to hold the initial bullish attack. The specialists say that the key support is situated at 1.4177. In their view, the outlook for euro remains positive as long as it’s trading above this level. Chart. H4 EUR/USD Comment here http://www.fbs.com/analytics/news_markets/view/6916 Quote Link to comment Share on other sites More sharing options...
internationallove Posted April 11, 2011 Author Share Posted April 11, 2011 "BNP Paribas, Commerzbank expect EUR/CHF to rise"(2011-04-11) Technical analysts at BNP Paribas believe that the European currency will consolidate versus Swiss franc above its 200-day MA found in the 1.3140 area. The specialists point at the general weakness of US currency. In their view, the pair EUR/CHF will rise at least to 1.34 in the next 1-2 months. Strategists at Commerzbank are as well bullish on euro even though the fact that it didn’t manage to close above February maximum at 1.3205 may lead to some near-term profit taking. The bank advises to buy euro in case it dips to 1.3000 and 1.2965. Chart. Daily EUR/CHF Comment here http://www.fbs.com/analytics/news_markets/view/6920 Quote Link to comment Share on other sites More sharing options...
internationallove Posted April 11, 2011 Author Share Posted April 11, 2011 "Analysts expect weak US dollar"(2011-04-11) The most accurate currency strategists believe that US dollar won’t be able to recover from 16-month minimum versus the European currency as the Federal Reserve is unlikely to lift up the interest rates after its $600 billion asset-purchase program expires in June. Analysts at Wells Fargo and St. George Bank expect that the greenback’s rate won’t change much until the end of June as the Fed falls behind other major central banks in monetary tightening. Then dollar may begin gradually regaining its positions versus euro and yen. Specialists at Schneider Foreign Exchange, Societe Generale and Bank of Nova Scotia think that US currency will continue weakening after the worst start of the year since 2008. Strategists think that US dollar won’t repeat the advance it made after the end of the first round of quantitative easing in March 2010 when the Dollar Index added 10% during the 2 months. Here are the forecasts for the pair EUR/USD: Bank of Nova Scotia in Toronto: $1.45 (year-end) Schneider: $1.42 (year-end) Wells Fargo: $1.40 (end of June), $1.34 (year-end) St. George: $1.38 (year-end) Societe Generale: $1.50 (year-end) Bloomberg survey: $1.36 Chart. Daily EUR/USD Comment here http://www.fbs.com/analytics/news_markets/view/6922 Quote Link to comment Share on other sites More sharing options...
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