Tuesday, June 8, 2010

Morgan Stanley: Euro to Drop to 1.12

The co-head of global foreign-exchange strategy at Morgan Stanley, Sophia Drossos, says the Euro will drop to 1.12. Ms. Drossos has changed her forecast and has gotten more bearish. She says the situation has deterioted faster ans is even worse than anticipated. The U.S. may do better than Europe and that will also help the USD.

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