Morgan Stanley on the euro / dollar
Euro / dollar recovered from earlier reached a minimum in the European session, $ 1.3447 to $ 1.3480 area, but then began to speak in a downward movement and was in the area of $ 1.3450. According to one dealer, the closest interest in buying a pair of felt in the region $ 1.3430/20. Morgan Stanley analysts say the level of $ 1.3435. They believe that testing it in the medium term could lead to a drop in the euro / dollar to $ 1.3250, and potentially to $ 1.30. At year-end forecast of Morgan Stanley for the pair is $ 1.30, in the first quarter of 2012 they expect to reduce the pair to $ 1.25. Current euro / dollar $ 1.3467.
Euro / dollar recovered from earlier reached a minimum in the European session, $ 1.3447 to $ 1.3480 area, but then began to speak in a downward movement and was in the area of $ 1.3450. According to one dealer, the closest interest in buying a pair of felt in the region $ 1.3430/20. Morgan Stanley analysts say the level of $ 1.3435. They believe that testing it in the medium term could lead to a drop in the euro / dollar to $ 1.3250, and potentially to $ 1.30. At year-end forecast of Morgan Stanley for the pair is $ 1.30, in the first quarter of 2012 they expect to reduce the pair to $ 1.25. Current euro / dollar $ 1.3467.