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Goldman Sachs explains decision to revise down EUR/USD forecast

1. We are revising down our EUR/$ forecast to 1.29, 1.25 and 1.20 in 3, 6 and 12 months (from 1.35, 1.34 and 1.30 previously). We are also revising our longer-term forecasts lower, bringing the end-2015 number down to 1.15 (from 1.27), that for end-2016 to 1.05 (from 1.23) and that for end-2017 to 1.00 (from 1.20). We switched from forecasting Euro strength to weakness in April, when we revised our 12-month forecast from 1.40 to 1.30, and the decline since then has been faster than we anticipated. Our latest foreca...

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Seven US cities where home prices are soaring

USA Today reports seven cities where home prices are soaring, based on a monthly study by S&P/Case-Shiller. The S&P/Case-Shiller home price index is "one of the most widely followed measures of home price changes." The Case-Shiller studies 20 major cities monthly to track price changes. The Case-Shiller index reported that Detroit, coming in at number 3, has soaring home prices. Detroit was ranked higher than Los Angeles, Miami, Minneapolis, and Las Vegas. Case-Shiller reports a 13.6% increase in home ...

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