Citi expects further fall in the single currency

Citi analysts believe that the mood of investors may continue to adversely affect the single currency. In their view, threatens to further decline in the euro against the currencies of the G-10, such as the Swiss franc, yen, British pound and the dollar. They add that in the short term, perhaps a significant reduction in the euro against the Japanese yen, if Asian central banks will not take action to weaken the currency. Employees Citi noted that the dynamics of the euro against the pound will largely depend on the outcome of Bank of England meeting. At the moment the euro / pound is trading in stg0.8762. Euro / yen is held in Y108.54. Current euro / dollar $ 1.4135.