JPMorgan Sees Euro 2019 Rebound Versus Dollar on U.S. Slowdown
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The end may be in sight for the euro’s worst run since 2015.
The common currency will probably bottom out against the dollar in early next year, and rise from there as the U.S. economic outperformance runs out of steam, undermining support for the greenback, according JPMorgan Chase & Co. It may hit a low of $1.11 in the first quarter, a 2.2 percent drop from current levels, before rebounding to $1.18 by the end of the year, according to the bank.