Sep
20
Goldman Sachs Says Euro May Weaken Up to 10 Cents on ECB Easing
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Company predicts ECB will extend stimulus into mid-2017
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ECB officials including Draghi, Praet due to speak this week
Goldman Sachs Group Inc. says the euro may fall up to 10 U.S. cents as the European Central Bank is set to increase currency weakening stimulus to meet its inflation target.
The investment bank predicts the ECB will maintain quantitative easing at its current rate of 60 billion euros ($67.9 billion) a month through the end of 2016, an extension of the plan that was intended to run until September 2016, and only end it completely in mid-2017…
Goldman Sachs Says Euro May Weaken Up to 10 Cents on ECB Easing
