Goldman Sachs pushes back calls for euro-dollar parity

From marketwatch.com

The European Central Bank shocked investors last week when it announced a smaller-than-expected expansion of its monetary easing efforts, sparking the euro’s largest one-day rally in more than six years. Now that the dust has settled, Goldman Sachs Group — which called for investors to short the euro a day before Thursday’s ECB meeting — has updated its euro EURUSD, -0.3491% forecast, after admitting that its team of currency strategists “badly misread this meeting” in a research note dated Thursday. “Although we are reluctant to do this, given our view of eurozone fundamentals (a large output gap and ... (full story)