Goldman Sachs has revised its forecast for EUR/USD (CNY and SGD also)

Goldman Sachs has pulled out the trusty chainsaw and slashed revised its forecast for EUR/USD (via Bloomberg):

• Forecasts EUR/USD to 1.14 from 1.23 in 3 months
• And to 1.08 from 1.15 in 12 months
• Goldmans cites continued divergence in cyclical performance between U.S. and Euro-area & also the prospect of ECB sovereign QE later this month

More:

• USD/CNY to 6.20 from 6.16 previously in 12 months
• USD/SGD to 1.31 from 1.32 in 3 months. and to 1.33 from 1.34 in 12 months