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BNP Paribas: EUR/USD targets 1.1500

Analysts at BNP Paribas recommend selling EUR/USD in the year 2015, targeting 1.1500 in the medium-term.

In their view, monetary policy divergence that drove EUR/USD lower in 2014 should persist in the year 2015. Expectations for the Fed's policy tightening in June conflict with a potential balance sheet expansion by the ECB. 

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