A Goldman Sachs research note from Wednesday (US time) has economists at the bank not so bullish on the euro against the dollar, citing (in brief) a less dovish Fed.

GS projections for EUR/USD:

  • 3 month horizon, to 1.20 (previous forecast was 1.25)
  • 6 months 1.23 (vs. 1.27 previously)
  • 12 months 1.25 (vs. 1.28)

GS note via Dow Jones services.

A Goldman Sachs research note from Wednesday (US time) has economists at the bank not so bullish on the euro against the dollar, citing (in brief) a less dovish Fed.