Deutsche Bank Sees Sharp 1st Half Slide In Euro Against Dollar, Yen

The FINANCIAL — Deutsche Bank AG said Monday that it expects the euro to plummet against the dollar and Japanese yen in the first half of 2012,according to Borsa Italiana – London Stock Exchange Group.

The euro-zone debt crisis has reached a point where all roads lead to euro weakness, the German bank said. It expects a drop in the value of the single currency to as low as $1.20 against the dollar and Y90 against the yen by the end of June.

At 0841 GMT the euro traded at $1.2754 against the dollar and at Y98.16 against the yen.