##{"id":55835,"date":"2009-09-17T12:01:20","date_gmt":"2009-09-17T02:01:20","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2009\/09\/17\/us-dollar-to-fall-further-against-euro\/"},"modified":"2009-09-17T12:01:20","modified_gmt":"2009-09-17T02:01:20","slug":"us-dollar-to-fall-further-against-euro","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2009\/09\/17\/us-dollar-to-fall-further-against-euro\/","title":{"rendered":"US Dollar To Fall Further Against Euro"},"content":{"rendered":"<p>  <title>danske-usd<\/title><\/p>\n<p>By Chris Shaw<\/p>\n<p>The demise of the US dollar has been a major story over the past<br \/>\nseveral months and the currency has performed accordingly, falling<br \/>\nagainst most of the other major currencies since the onset of the<br \/>\nglobal financial crisis.<\/p>\n<p>The greenback is now approaching its record low against the euro of<br \/>\n1.4720 hit in December last year, which as Danske Bank notes is a far<br \/>\ncry from&nbsp; its estimate of long-term fair value for the<br \/>\ncurrency of something closer to 1.25. <\/p>\n<p>It is trading at current levels without much complaint from European<br \/>\nfinance ministers and without any strong market calls for a correction,<br \/>\nthe group suggesting this is because the US currency is really about<br \/>\nwhere it should be given current US external imbalances and monetary<br \/>\npolicy and existing sentiment in financial markets.<\/p>\n<p>The trend of a weaker dollar relative to the euro should continue in<br \/>\nthe group&#8217;s view and it expects a move beyond 1.50 in the New Year,<br \/>\nsupported by the above economic factors, with debt levels in<br \/>\nparticularly supporting dollar weakness given on its numbers government<br \/>\ndebt will continue to rise at a faster pace than generally perceived in<br \/>\nthe market.<\/p>\n<p>The technical structure for the EUR\/USD is also positive and the group<br \/>\nis targetting 1.5164 on such a basis, which together with its<br \/>\nfundamental analysis has caused Danske Bank to revise its estimates for<br \/>\ncoming months. It now expects a EUR\/USD rate of 1.52 in three months,<br \/>\nup from 1.45 previously, while its 6-month rate has been revised to<br \/>\n1.50 from 1.48 previously. There is no change to its 12-month forecast<br \/>\nof 1.45.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Danske Bank suggests weak underlying fundamentals and a similar technical picture should see the US dollar fall further against the euro in coming months.<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10],"tags":[29],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/55835"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=55835"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/55835\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=55835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=55835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=55835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}