Forex Flash: Euro to weaken medium term - Wells Fargo

Nick Bennenbroek, Head of Currency Strategy at Wells Fargo, is expecting the Euro to weaken over the medium term.

He comments that the central bank´s outlook is leaning dovish once again and the pace of improvement in the peripheral Eurozone bond markets has slowed. He feels that a soft Eurozone economy should see the euro weaken over time, while FX positioning offers plenty of scope for the euro to decline.