Deutsche expects the single currency to end 2016 at $0.90.
Tag: Federal Reserve
Morgan Stanley, Goldman Sachs Counter Bearish Gross on U.S. Debt
Morgan Stanley and Goldman Sachs Group Inc. are dropping bets against Treasuries.
Economic growth is falling short of forecasts and market participants may need to reduce their yield predictions, Jim Caron, the New York-based global head of interest-rate strategy at Morgan Stanley, wrote in a report yesterday. Goldman Sachs cited Federal Reserve comments and a slower-than-forecast pace of inflation in a report the same day.
The Euro Rose to a Three-Week High Against the Yen
The euro rose to a three-week high against the yen as the European Central Bank member Jozef Makuch said it is “highly probable” that the bank will raise interest rates next week.
Japan’s currency weakened against all of its major counterparts on the prospect of the Bank of Japan leaving borrowing costs unchanged into 2012. Inflation in Germany stayed at the highest level in more than two years in March, a report is forecast to show today.