Insignia Consultants | Euro surge has traders burning parity bets as Europe ramps up spending
Euro surge has traders burning parity bets as Europe ramps up spending
3 days ago
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LONDON, March 5 (Reuters) - The biggest three-day rally in the euro in over two years has sent analysts scrambling to rewrite their forecasts for the currency, as a surge in European spending and signs of a weakening U.S. economy dampens chatter about a fall to $1.
Deutsche Bank has said it is now "bullish" on the euro after being "bearish" only last week. Rabobank and MUFG have shifted to more upbeat calls after previously warning about a drop to parity, while Nomura has recommended buying the euro against the pound.
