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1 Apr 2015
EUR/USD might see parity by 2015-end – BNPP
FXStreet (Barcelona) - The BNP Paribas Team expects negative real yields to drive EUR towards parity with the USD by year-end.
Key Quotes
“The implementation of QE and negative deposit rates have caused the front end of the Bund curve to collapse, driving European investors to look for yield outside the eurozone, in particular in the USD.”
“This should continue to drive the euro weaker in our opinion, especially given the yield pick-up and outlook on the dollar.”
“We expect EURUSD to hit 1.0 by year end 2015.”
Key Quotes
“The implementation of QE and negative deposit rates have caused the front end of the Bund curve to collapse, driving European investors to look for yield outside the eurozone, in particular in the USD.”
“This should continue to drive the euro weaker in our opinion, especially given the yield pick-up and outlook on the dollar.”
“We expect EURUSD to hit 1.0 by year end 2015.”