Wall Street drops bullish euro stance, warns of potential slide to $1.10
Wall Street has pulled back its bullish outlook on the euro, forecasting that the currency could slide to $1.10 per euro.
Bloomberg reported on the 28th (local time) that major Wall Street investment banks—including JPMorgan Chase, Morgan Stanley, and BNY Mellon—expect the euro to drop by more than 3% within the next year to touch $1.10. Bloomberg explained..