Others Say

Forex: EUR/USD will appreciate in 2010 to peak at 1.40 in 2011 - BMO
(Barcelona) - Despite current downtrend, with the Euro threatening to hit fresh 2010 lows at the moment, the BMO Capital Markets Research Team expects the European currency to appreciate during the next quarters, to reach 1.4000 area on the beginning of 2010.The Euro will trade at levels between 1.3600 and 1.3700 in the second quarter of the year, according to the BMO Capital Markets Research Team, to reach 1.3800 in the third quarter and 1.3900 in the last quarter of the current year.In 2011, the BMO Capital Markets Research Team expects the Euro to hit 1.4000 in the first quarter of 2011 and to retreat to 1.39 and 1.38 in the second and third quarters of 2011, respectively.