Analysts' forecasts for rates of U.S. and European currencies for 2011-2012

Azerbaijan , Baku, Aug. 20 /Trend, A.Badalova/

After giving its position in relevant to other world currencies, the U.S. dollar could again get strengthened. The main reason for the growth of the dollar rate in relevant to euro became the fears for the banking sector in Europe.

The U.S. dollar rate in relevant to the single European currency reached 1.4309 dollars compared to 1.4333 dollars the previous day. Western analysts disagree on future forecasts of the dynamics of the dollar and euro.
British analysts believe in the further growth of the U.S. dollar rate despite the current unfavorable macroeconomic situation in the United States.

Analysts of British leading independent macroeconomic research consultancy Capital Economics believe that the position of the U.S. currency will not weaken due to the absence of a reliable alternative to the dollar. Even although the U.S. lost the AAA rating, the analysts expect the growth of dollar in relevant to euro, pound sterling and yen by the the end of 2011.
According to forecasts of British analysts, the dollar rate to the euro in the third and fourth quarters of 2011 will amount to 1.4 dollars. In 2012, analysts expect the dollar rate to the euro at 1.3 dollars, in 2013 - 1.2 dollars.

According to analysts of U.S. Goldman Sachs Bank, by the end of 2011, the dollar/euro couple could reach 1.55 dollars. According to analysts, the position of the single European currency may rise further on the backdrop of the weak dollar.
Goldman Sachs analysts forecast the dollar rate to euro at 1.45 dollars in the fourth quarter, and 1.5 dollars in the first quarter of 2012.

Analysts of one of the largest U.S. investment bank Morgan Stanley raised its forecasts for the rate of European currencies to the U.S. dollar in the third quarter of 2011. According to analysts' expectations, the rate of euro to the dollar will amount to 1.42 by the end of this quarter. The Bank had previously predicted rate for this period at 1.40.
According to expectations of analysts of Barclays Capital, the rate of euro to the dollar will rise from current levels to 1.5 in the next 6-12 months.

Western analysts' forecasts on rate of dollar/euro (euro/dollar)