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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Knighty Tin who wrote (8990)7/10/2004 2:22:56 PM
From: Haim R. Branisteanu  Read Replies (6) of 116555
 
Lehman Brothers Holdings Inc., UBS AG and Goldman Sachs Group Inc. lowered their forecasts for the dollar versus the euro and other currencies this week.

Lehman expects the dollar to fall to $1.25 per euro in one month and to $1.27 in three months. The firm's previous forecasts were $1.23 and $1.24 over the same time periods.

UBS, the largest trader in the $1.2 trillion currency market, according to Euromoney magazine, predicts the dollar will weaken to $1.26 per euro in three months, compared with a prior forecast of $1.22. Goldman expects the U.S. currency to fall $1.32 in six months from $1.16 previously.
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