TITLE

Exchange Rates: Outlook

PUB. DATE
March 2012
SOURCE
Spain Country Monitor;Mar2012, p12
SOURCE TYPE
Country Report
DOC. TYPE
Article
ABSTRACT
The article presents outlook for Europe's exchange rates in 2012. It is expected that the euro will lose its ground through the middle of the period due to Eurozone economic contraction, further cut of European Central Bank's (ECB) interest rates and the restructure of Greece's sovereign-debt. It states the euro's downside is expected to be limited. It also notes that ECB is keeping interest rates down at 0.5 percent through the said period.
ACCESSION #
72525538

 

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