Confucius: the man who broke the mountain was the same man who started ...
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SocGen Joins Banks Lowering 2020 Euro Outlook in Virus’s Wake
Add Societe Generale SA to the list of major banks adjusting 2020 forecasts for the world’s most-traded currency pair as the coronavirus upends expectations for the global economy. In a note Thursday, the French bank lowered expectations for euro strength, revising its year-end forecast down to $1.16, from $1.20. The euro is one of the weakest major currencies this month, slumping 2.7% amid concern that the virus will undermine an already sputtering European economy. The euro sank as far as $1.0778 Thursday, a level unseen since 2017. Coming into this year, the consensus was for it to appreciate against the dollar ... (full story)
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Confucius: the man who broke the mountain was the same man who started ...