Because of differing views between the European Central Bank (ECB) and the U.S. Federal Reserve on the exchange rate euro-dollar, rating agency Standard and Poor's (S & P) forecasts that the euro may continue to rise to 1.6 dollars in the next two months.
Rising interest rates the Federal Reserve, scheduled for the fourth quarter, leading to an exchange rate of euro to $ 1.50.
The S & P forecasts regarding Euribor, for the remainder of the year, is that the ECB would raise twice its interest rates, with a total rise of 50 basis points.
Read on: iEco.
