Euro/Dollar to Hit Parity Within 12 Months: BNP

The foreign exchange team at BNP Paribas are predicting euro/dollar parity within twelve months: “While we have had one of the most bearish forecasts in the market, these previous projections now appear too moderate given the current developments.”

The BNP team say the European bond markets are no longer a homogenous entity following the Greek crisis, which has “reduced their attractiveness to foreign investors.”Read more