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Goldman Sachs EUR/USD Forecast: 6 And 12-Month Targets Cut To 1.12
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Goldman Sachs EUR/USD Forecast: 6 And 12-Month Targets Cut To 1.12
The Euro to Dollar (EUR/USD) exchange rate is trading around 1.1415 after losing more than 2% during June and struggling to build a sustained recovery in July. Goldman Sachs has lowered its six- and 12-month EUR/USD forecasts to 1.12, compared with previous targets of 1.18 and 1.20 respectively. The bank expects a divided US Dollar environment, with the Greenback likely to strengthen further against lower-yielding currencies such as the Euro whi…
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