Saturday, May 29, 2010

Euro Falling to $1.10, and reaches Parity in 2011 says Galy

May 28 (Bloomberg) -- Sebastien Galy, a currency strategist at BNP Paribas SA, talks with Bloomberg's Susan Li about his forecast for the euro. China denied as "groundless" a report that it's reviewing foreign-exchange holdings of euro assets, and the nation's sovereign wealth fund said it's maintaining its European investments. Speaking by telephone from New York, Galy also discusses the Japanese yen and his investment strategy. (Source: Bloomberg)