TITLE

Exchange Rates: Outlook

PUB. DATE
November 2011
SOURCE
Spain Country Monitor;Nov2011, p12
SOURCE TYPE
Country Report
DOC. TYPE
Article
ABSTRACT
The article presents an outlook for the exchange rates in Spain. It states that the euro will weaken over the final weeks of 2011 and early in 2012 due to the recession being faced by Eurozone. It mentions that the European Central Bank (ECB) cuts interest rates from 1.50% to 1.25% in November 2011 and will cut another 25-basis-point cut to 1.00% in early 2012. It adds that the euro will reach U.S. dollars (USD)1.32 by the end of 2012.
ACCESSION #
67418974

 

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