Rabobank forecast EUR/USD longterm 2009/2010

EUR/USD will decline to 1.3700 by the end of August, according to the Rabobank Financial Markets Research team, which estimates the Euro to dip further to reach 1.3200 in three-month time and bottom at 1.2800 at the end of the year or the beginning of 2010.next year, the Euro, always according to Rabobank's weekly report, will pick up to 1.3100 in nine months time to reach 1.3300 in twelve months time.