Experts Anticipate Euro Weakness Will Continue

FRONT PAGE

HOUSTON--Economists and foreign exchange analysts are forecasting that the euro could slip below $1.05 in the next few weeks and may not recover for some time.

David Gilmore, a partner at FX Analytics in Essex, Connecticut, says the euro is unlikely to crawl back to its launch rate of $1.17 soon. He forecasts that the euro will sink "below $1.05 in the medium term", and suggests any upward move will result from US dollar weakness, rather than eurozone strength.

He also expects that a possible

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: