Give yourself a big pat on the back if you correctly forecast Goldman Sachs view on the EUR/USD. But not too big, they've saying so for a while now.
A report for Goldman Sachs currency analysts (including Robin Brooks, head currency strategist):
- Says the European Central Bank is set to increase monetary policy stimulus to meet the inflation target
- Predicts ECB will maintain quantitative easing at its current monthly rate of 60 billion euros until the end of 2016
- Will then end it in mid-2017
- "This represents a material upsizing of the original program"
- "Should weigh on the single currency"
- "Depending on how credible an upsizing to ECB QE is, we therefore see scope for euro to fall between six and 10 big figures"