German Bank recommends betting against the euro
German Economic News through Google Translator
The German bank advises the German investors now enter into monetary Monopoly. In a comment for the trade journal of the "chief investment strategist for private and corporate customers," Deutsche Bank, Ulrich Stephan writes: "For private investors with appropriate risk-taking may be of interest to invest in currencies. Currently I think particularly the U.S. dollar for appealing. Structural and cyclical long-term strengths of the U.S. should give him buoyancy -. Well against the euro "
Stephan then refers to the "USA-positive prognosis" and the emerging "independence" of the U.S. in the energy market.
The German bank expects that the Fed will get "the end of the year" "from the ultra-loose monetary policy." The ECB, however maintain more low: "Adhering to the ECB at low interest rates in the medium term could increase capital flows towards the U.S. yet." DB expects a price of $ 1.15 or "even parity".