The euro fell against the dollar and the yen Monday ahead of the European Central Bank's interest-rate decision on Thursday. Experts tell CNBC that the single euro-zone currency will experience headwinds this year.
Short Euro-Yen This Week
Short the euro against the yen this week, suggests John Noonan, senior FX analyst at Thomson Reuters. He explains his bearish outlook got the euro.
Expect Significant Headwinds for the Euro
John Horner, FX strategist at Deutsche Bank sees significant headwinds for the euro in the year ahead as he thinks the ECB will lower rates to sub 1%. He speaks to CNBC about where the major crosses are headed in 2009.
ECB Likely to Ease Rates by 50 bps
Dwyfor Evans, VP & senior macro strategist at State Street Global Markets expects the European Central Bank to make a 50 basis-point rate cut Thursday, but this is unlikely to have a material impact on the euro.
ECB to Cut Rates to 2%
Thio Chin Loo, senior currency strategist BNP Paribas Singapore predicts the ECB will cut rates by 50 basis points this week. She tells CNBC why rates will eventually bottom out at 1% and why the euro will continue to weaken.