Analysts
at UBS note that euro fell to the record minimums versus Australian,
New Zealand and Canadian dollars, but remains well above the all-time
lows against US dollar, Japanese yen, British pound and Swiss franc.
Such dynamics reflects foreign exchange intervention by the SNB and
loose monetary policy of the Fed, the Bank of Japan and the Bank of
England.
According to specialists, if the Fed and the BoJ continue to
disappoint investors looking for further easing then the euro’s further
decline will become likely. Analysts continue to target EUR/USD falling
to $1.15 this year.
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