FXStreet (Mumbai) – The research team at Morgan Stanley on Monday lowered its price outlook on EUR/USD, as they believe that the ECB Chief Draghi will roll out further stimulus before Christmas this year.
The Wall Street investment bank slashed its EUR/USD forecasts to $1.03 against the US dollar by the end of Q1 2016, compared with $1.11 previously.
Currency strategist, Ian Stannard at Morgan Stanley noted, “We expect the euro to come under renewed selling pressure going into the end of the year and early next year as a result of the increased potential for further easing from the ECB.”
(Market News Provided by FXstreet)