Posts Tagged ‘forecast’
by MDM Partners
It is clear that challenges for the Eurozone remain and at the very least, political and policy stability in the US is making the dollar a more attractive prospect in the medium term. Although financial meltdown has been averted and the recovery looks to be underway in most countries, concerns remain. Furthermore, the recovery in emerging Europe is lagging behind most other emerging market regions.The region faces a continued lack of finance and given that its main trading partner – Western Europe – is struggling, emerging Europe needs strong, yet sustainable economic development.
We have revised our long-term Forex forecasts to reflect recent developments. MDM Partners now target EURUSD at 1.13 by the end of this year and 1.08 for 2011 (vs. 1.16 and 1.20 previously).