A sudden rebound in the euro and a selloff in bond havens are forcing investment strategists to play catch-up on rising expectations for European growth.
As the currency climbs toward $1.20, some in the investment community worry their projections for the months ahead look too gloomy. Goldman Sachs Group Inc. this week revised up its three-month forecast to $1.25 from $1.21. Meanwhile, BNP Paribas, Pictet and Manulife Investment are predicting German bond yields will turn positive by December for the first time in two years.
