Mon, 12 Dec 2011 11:03:13 GMT
Euro forecasts weaken on Draghi's interest rate cuts
Foreign exchange analysts are lowering
their forecasts for the 17-nation currency at the rapidest rate this year as ECB
President Mario Draghi's borrowing rate reduction abandon one of the Euro
pillars of maintenance. Investors are dumping assets denominated in euro, as EU
officials fail to stop concern that Spain and Italy will capitulate to a debt
crisis. Ken Dickson, Standard Life Investments currency investment
director expects additional ECB