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Euro will be a weak trend in 2011

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British bank Standard Chartered analysts, who predicted the euro best development so far, say that the evolution of the euro this year – the weakest since 2005 until now – will continue next year due to concerns about the crisis State debt, Bloomberg.

Standard Chartered, which has achieved the most accurate estimates over the six quarters ended in Sept. 30, is anticipating a rate of below 1.2 dollars per euro by mid-2011 from about $ 1.33 per unit today.

Westpac Banking, second place depending on the accuracy of forecasts, expect a “heavy” of the euro, while Wells Fargo has relegated the perspective of the single currency at the weekend.

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Posted by M.P.Bogdan on Dec 6 2010. Filed under Featured News, Finance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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