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2012 Euro is going to 1.20 and you cannot do anything about it
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#1
16-07-2012, 01:20 PM
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Euro is going to 1.20 and you cannot do anything about it
Euro is going to 1.20 and you cannot do anything about it Until few weeks ago, the Euro had a strong positive correlation with the US indices. This correlation is getting weaker and not I believe it vanished. The investors don't believe that the Eurpean debt problem will be solved soon and they run away from the Euro. Therefore, the currency will continue falling even if the stocks resume rising. My target is 1.20 by the end of August and 1.15 by the end of the year.2013 , 2014 , 2011 , 2012 
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