Corporate FX Hedgers Think Euro Will Fall To $1.30 This Year: J.P. Morgan
From efxnews.com
Corporate executives expect the dollar to strengthen further against the euro, pushing the single currency to $1.30 by year end from its current $1.38, according to a survey of J.P. Morgan's corporate foreign-exchange hedging clients in the U.S., Europe, and Japan released Friday. Executives also expect the yen, now at record highs against the dollar, to stay strong, as volatility continues in the currency markets, the survey showed. The report outlines the depth of concern among corporate executives, who have faced a year of volatile currency movements as the dollar sharply reversed course in September to strengthen ...
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