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>> GOLDMAN SACHS Latest News

JAN 11, 2013 - Business Insider

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GOLDMAN: It's Time To Position For A Big Upward Move In The Euro

For the past few months, Goldman Sachs has had a problematic trade on its hands. On October 22, 2012, the bank's currency strategists recommended clients go long the euro against the Canadian dollar. The trade was initiated at a level of 1.296 with a target of 1.37. (At the time, Goldman saw more upside to the euro in Canadian than in U.S. dollar terms, owing to a projected shift in Bank of Canada monetary policy). The trade has gone nowhere. It reached its highest point on December 28 – but by then had only risen to around 1.3170. After that, it tanked into the new year and has ... Read More

Tags: GOLDMAN: It's Time To Position For A Big Upward Move In The Euro,  Goldman Sachs Latest News