Euro May Rise 12 Percent Against Dollar, HSBC says  22/01/2007

The euro may gain almost 12 percent to $1.45 against the dollar by year-end as the European Central Bank welcomes a stronger currency to curb inflation, HSBC Holdings Plc said.

HSBC and Dresdner Kleinwort are the most bullish forecasters for the 13-nation currency reaching a record high in 2007 among 44 analysts surveyed by Bloomberg News. Rising central bank interest rates will boost the euro, said David Bloom, head of foreign-exchange research at HSBC.

The euro strengthened 6.9 percent in the past 12 months as the ECB increased borrowing costs to 3.5 percent from 2.25 percent. Central bank President Jean-Claude Trichet, who called a 2004 advance in the euro ``brutal,'' last month ignored calls from French politicians such as Prime Minister Dominique de Villepin to stem the currency's gains...

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GEAB N°65 - Contents

- Published on May 16, 2012 -

Global systemic crisis / Second half of 2012 – Convergence of four explosive factors: Banks-Stock Exchanges-Pensions-Debts
Whilst waiting for Euroland to equip itself, by the end of 2012, with a medium to long term common political, economic and social project, especially following the election of the new French president François Hollande, anticipated many months ago by LEAP/E2020, players will remain prisoners of the short-term reflexes related to the sudden Greek political tremors, the uncertainties over Euroland governance and to the risks in public debts… (page 2)
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Which languages must your child learn to be useful to him in twenty years ? Anticipation of the principal intra-European and world common languages in a 2030 timframe
Beyond its cultural interest LEAP/E2020 has created this anticipation as a tool to aid decision-making, individual (parents for the education of their children) as much as collective (public education institutions, universities, states, international businesses). Individual and joint strategies as regards language teaching are long term processes needing fundamental choices to be made almost a generation in advance… (page 11)
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Strategic and operational recommendations
. Currencies-Gold: Stay on course
. Pensions: Preserving one’s capital
. Stock Exchanges: Last exit before chaos
. Banks: Maximum distrust
. Government bonds: The trap is closing (page 21)
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The GlobalEurometre - Results & Analysis
The majority of respondents believing that their country’s major banks could go bankrupt by the end of 2012 has risen to 66% this month (versus 61% last month)… (page 23)
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