The euro will decline to its lowest level in almost three years as a bailout for Cyprus raises the threat of further euro-zone contagion, according to Morgan Stanley’s Ian Stannard.
Hans-Guenter Redeker , BNP Paribas SA’s global head of foreign-exchange strategy in London, is leaving the bank, according to four people with knowledge of the matter.
Morgan Stanley boosted its forecast for a stronger dollar against the yen, even after the U.S. currency tumbled yesterday by the most in two years.
"The Norwegian krone may have moved a long way, but we feel it has further to go."
- Ian Stannard on Dec 12, 2014
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