Credit Suisse maintained their forecast for EUR/USD at 1.15

While Scotiabank believe, that the growth of the euro will be limited to 1.1250, Credit Suisse maintained their forecast for EUR/USD at 1.15.
Bank analysts maintained their three-month forecast for EUR/USD 1.15 dollars, recalling what justifies it:
- From Credit Suisse believe that this year the FOMC will raise rates, although the market price reported a 50 percent probability of such an event.
- Analysts believe that any increase in the political risk associated with the presidential elections in the US will increase demand for defensive currencies like the euro.
- According to their estimates, during the meeting of the ECB in December incentives will be increased minimally.
What could force analysts of the bank to revise their forecast? First, it is the system of political decision-making in Germany, which is quite slow and may fail to respond adequately to the possible aggravation of the situation in the banking sector. Analysts believe that this is unlikely.
Secondly, if as a result from scheduled for December 4 constitutional referendum in Italy, Prime Minister of the country Renzi be defeated and resigned, the regional situation will be complicated. It is quite likely, as with it should be recalled that the Italian problems this summer have not led to a massive outflow of deposits from European banks.