Euro rally to continue, banks say
FRONT PAGE NEWS
LONDON -- After broaching parity against the dollar last Monday (July15) for the first time since December 1999, the euro’s bull run is likely to continue for the remainder of the year, according to analysts quizzed by FX Week.
A poll of eight leading research banks returned a mean prediction of $1.02625 for year-end, with Goldman Sachs leading the euro bulls at $1.08, and Crédit Agricole Indosuez leading the bears at $0.98.
Analysts broadly agreed the latest rally is likely to be sustained as
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