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EUR/USD to decelerate to 1.10 at year-end 2015: Societe Generale

Thursday, February 26, 2015 9:06 AM UTC

Quotes from Societe Generale Cross Asset Research:

-Since April 2014, the EUR/USD has depreciated from 1.38 to 1.14 (-18%). In trade-weighted terms, the euro has fallen by only 10% since spring 2014. Overall, we expect the EUR/USD to decelerate to 1.10 at year-end 2015.

-Given the large current account surplus in the euro area and the PPP at 1.30, we expect the EUR/USD to pickup gradually beyond 2016 and reaching 1.30 in 2018.

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EUR/USD to decelerate to 1.10 at year-end 2015: Societe Generale

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