Morgan Stanley, one of the largest foreign-exchange banks on Wall Street, scaled back its year-end forecast for the euro to $1.36 from an earlier projection that it would reach $1.49.
The bank cited concerns abou
EUR/NOK offers selling opportunity, says Citi, as current levels don't fit with the fundamentals.
The bank's short-term fair value model implies EUR/NOK should be around
Risks to the oil price are biased to the downside, despite healthy demand growth in emerging markets, slow non-OPEC oil supply growth, and controlled OPEC crude output, says Societe Generale analyst Michael Wittner.