By Morwenna Coniam
Oct. 7 (Bloomberg) -- Deutsche Bank AG, the world’s biggest currency trader, increased its yearend 2010 euro-dollar forecast to $1.40 from $1.15.
The euro will climb to $1.55 in the first quarter, Henrik Gullberg, a foreign-exchange strategist at the bank in London, said today.
The common European currency was little changed against the dollar, trading at $1.4709 as of 8:21 a.m. in London, from $1.4722 yesterday.
To contact the reporter on this story: Morwenna Coniam in London at mconiam@bloomberg.net
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