Pros Say: Euro-Dollar at $1.20; Gold at $1,000
The euro rebounded Wednesday after falling to 2-1/2 month lows against the dollar the previous day. Gold also traded higher, above $970 an ounce, as investors steered clear of stocks on global economy worries.
Experts tell CNBC the euro has further to fall, while gold could retest $1,000.
Euro-Dollar May Fall to $1.20 Soon
The euro-dollar may move towards $1.20 in the next three months but the euro is unlikely to stay this weak throughout the year, according to Jan Lambregts, head of Research, Asia Pacific at Rabobank International.
Euro Seen Weakening Further
The euro could weaken further against the greenback and the yen, forecasts Euan McCreadie, senior corporate dealer at OzForex. He explains his bearish outlook for the euro.
Gold Likely to Retest $1,000
There is a high possibility that gold may retest $1,000 a troy ounce, says Tetsuya Yoshii, VP for derivative products at Mizuho Corporate Bank. He also gives his outlook for the base metal space.
Revived Interest in Gold
There is a revived interest, especially in Western countries, in the gold, notes Sunil Kashyap, MD at Scotia Capital. He explains what is driving interest in this precious metal.
China Will Lead Asia's Recovery
Tomo Kinoshita, chief economist of Asia ex Japan with Nomura International says the Chinese government's series of stimulus measures shows Beijing is serious about protecting the country's growth. He talks more about China's outlook.
Asia to Undergo 3-Step Growth Process
Asia will undergo a three-step process to return to growth and China will lead Asia in the first phase of recovery, says Tomo Kinoshita, chief economist for Asia ex Japan with Nomura International.
What Will Return Japan to Growth?
During Japan's boom years after its lost decade, nothing was done in order to have a real stimulus of the internal demand and that is the problem today, says Marco Bardelli, MD at BDG Singapore. He tells CNBC this needs to change.
Japan Did Do Enough in the 1990s
It is unfair for former Fed chief Alan Greenspan to say that Japan didn't do enough for its financial system in the 1990s, says Marco Bardelli, MD at BDG Singapore. He also gives his take on what the BoJ can do to help its economy.