Economics
Euro Bulls Feel the Fatigue as Economic Woes Cloud ECB Path
- Euro may fall as low as $1.15 in two months: Eurizon’s Staines
- Danske recommends tactical short position targeting $1.21
This article is for subscribers only.
Some euro bulls are wondering if the party is over, for now.
The outlook for the past year’s best-performing major currency is being clouded by skepticism the European Central Bank will be able to tighten policy as early as previously thought, given signs of slowing economic growth. OppenheimerFunds Inc.’s multi-asset money manager Alessio de Longis is moving toward a neutral position on the euro-dollar pair, from overweight earlier this year, while Eurizon SLJ Capital Ltd.’s Neil Staines sees scope for a decline of about 6 percent in the next two months.