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31 Mar 2015
Year-end target for EUR/USD to parity - BofA
FXStreet (Bali) - BofA Merrill Lynch Global Research Team has lowered their year-end target for EUR-USD to parity.
Key Quotes
"Since last month, we have a wide variety of different forecast changes, but the primary one from a macro perspective is the change we made to lower our EURUSD target to 1.00 for the end of the year, and keeping it there for our 2016 outlook."
"In terms of other direct forecast changes, we also lowered our EUR-GBP and EUR-SEK targets. Meanwhile, in emerging markets, concerns have risen about growth in China, where we recently lowered our own forecasts."
Key Quotes
"Since last month, we have a wide variety of different forecast changes, but the primary one from a macro perspective is the change we made to lower our EURUSD target to 1.00 for the end of the year, and keeping it there for our 2016 outlook."
"In terms of other direct forecast changes, we also lowered our EUR-GBP and EUR-SEK targets. Meanwhile, in emerging markets, concerns have risen about growth in China, where we recently lowered our own forecasts."