Goldman’s O’Neill Says Only Lunatics Can Call Euro: Tom Keene
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Going on holiday might be the only way for currency forecasters to deal with the whipsawing euro, according to Jim O’Neill, chief global economist at Goldman Sachs International.
Goldman Sachs Group Inc. has reversed its outlook for the euro twice in two months, calling in its most recent forecast for the dollar to weaken against the euro by January as U.S. growth slows. In June, after the euro hit a four-year low, the bank forecast the greenback would surge to a seven-year high.