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FXstreet.com (Barcelona) - The Euro has been trading on a steady upward trend since March, reaching maximum levels right above 1.5000 on the current year, and, according to the BMO Capital Markets Economic Research, the Euro will continue appreciating at levels beyond 1.5000 in 2010.
From average levels at 1.4800 in November, the Euro will trade at 1.5000 average level in December, says Dr. Cherry Cooper, chief economist at BMO Capital Markets, and will continue appreciating, to 1.5100 in the first quarter of 2010 and 1.5200 in the second quarter.
According to Doctor Cooper, the Euro will reach 1.5300 in the third quarter next year, to peak mat 1.5500 during the last quarter, and ease in 2010, back to 1.5300 in the first quarter, and 1.5100 in the second.
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