Top 10 Banks Predictions for EUR/USD

Deutsche Bank AG                           $1.30
Citigroup Inc.                                  $1.25
Barclays Plc                                     $1.20
UBS AG                                           $1.15
HSBC Holdings Plc                           $1.44
JPMorgan Chase & Co.                     $1.36
Royal Bank of Scotland Group Plc      $1.33
Credit Suisse Group AG                   $1.27
Morgan Stanley                               $1.19
Goldman Sachs Group Inc.               $1.33



As you can see, these end of the year predictions are all over the place. HSBC has the most bullish estimate at $1.44 and UBS holds the most bearish outlook at $1.15. Some of them appear to be pricing in a "Grexit" (Greek exit from the Euro) and continuing financial problems in Europe.  They also seem to be pricing in attention being drawn to the US trade deficit and national debt as the US presidential election draws closer.

http://www.bloomberg.com/news/2012-05-20/hedge-funds-rebuild-bearish-euro-bets-for-greek-exit-banks-weigh.html

Michael Weissman



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