BLBG: Euro May Reach $1.4860 This Week on Risk Appetite, Helaba Says
By Lukanyo Mnyanda
Nov. 2 (Bloomberg) -- The euro may rise to $1.4860 this week as signs of an economic recovery in the U.S. reduces demand for the dollar as a refuge, according to Helaba Landesbank Hessen-Thueringen.
“The euro should enjoy a positive start to the week,” Ralf Umlauf, head of floor research at Helaba in Frankfurt, wrote in a research note today. “However a disappointment from the U.S. labor market is possible at the end of the week.”
The currency was at $1.4774 as of 1:30 p.m. in London, from $1.4719 at the end of last week.
