TITLE

Euro Trouble In 2008

PUB. DATE
February 2008
SOURCE
Emerging Markets Monitor;2/11/2008, Vol. 13 Issue 42, p1
SOURCE TYPE
Country Report
DOC. TYPE
Article
ABSTRACT
The article analyzes the currency performance of the euro against the U.S. dollar as of February 11, 2008. Based on Claude Trichet's pronouncements, the author believes that a euro rate cut is in the pipeline. A dollar rebound is foreseen as euroland economic activity deteriorates and U.S.current account deficit improves due to a reduced propensity to import on the part of the U.S. consumer. The author shares that key support for the euro exist at US$1.4400/EUR.
ACCESSION #
29385728

 

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