As Credit Suisse says the chances are extremely low the German constitutional court would rule against the ESM on Wednesday, little impact is anticipated from an affirmative decision. While that could move the euro a little bit higher, the investment bank contends there eventually will be increased downward pressure on the currency. Credit Suisse forecasts the euro being at $1.17 in three months and $1.19 in 12. It's currently at $1.2784, according to EBS via CQG.
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