EUR/USD: Q1 2016 forecasts lowered to 1.03 on more QE – Morgan Stanley

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 2, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Mumbai) - The research team at Morgan Stanley on Monday lowered its price outlook on EUR/USD, as they believe that the ECB Chief Draghi will roll out further stimulus before Christmas this year.

    The Wall Street investment bank slashed its EUR/USD forecasts to $1.03 against the US dollar by the end of Q1 2016, compared with $1.11 previously.

    Currency strategist, Ian Stannard at Morgan Stanley noted, “We expect the euro to come under renewed selling pressure going into the end of the year and early next year as a result of the increased potential for further easing from the ECB."
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