Happy Christmas, the War Is Over, at Least for Draghi and Euro
After European Central Bank President Mario Draghi extended monetary stimulus, strategists have come to the conclusion hes done enough to revive the economy with policies that helped push the euro down about 10 percent versus the dollar this year.
Analysts at HSBC Holdings Plc, Banco Santander SA and National Australia Bank Ltd. predict muted declines or even gains in the shared currency versus the dollar in 2016. The median forecast in a Bloomberg survey is for a drop of about 4 percent. A co ...
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