Dollar Outlook `Clearly Negative' for Next Six Months, Deutsche Bank Says
Deutsche Bank AG cut its forecasts for the dollar against the euro through the end of the first quarter next year, saying the outlook for the U.S. currency in the period is “clearly negative.”
The German bank raised its estimate for the euro to $1.45 for both the end of the year and the end of the first quarter next year, up from $1.30 and $1.35 respectively, Bilal Hafeez, global head of foreign-exchange strategy in London, said today in a research note. His prediction for the end of next year is $1.30, according to the note.
Deutsche Bank forecasts the yen will strengthen to 75 against the dollar over the same period, according to the report.
To contact the reporter on this story: Paul Dobson in London at pdobson2@bloomberg.net
To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net
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