Morgan Stanley says dollar parity beckons for euro by Q4

April 13, 2015 9:41 AM

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LONDON, April 13 (Reuters) - The U.S. bank Morgan Stanley has forecast that the euro will sink below parity with the dollar before the end of this year, and election fever will drive down the pound to $1.39 by June.

The forecasts for the euro's fall, after a month that has drawn the first expressions of doubt from major bank analysts about the pace and durability of the dollar's rise, are among the most aggressive yet issued, and predict the single currency will be worth just 98 cents by the fourth quarter.

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