Expect the Euro to sink to parity with the U.S. dollar as the Federal Reserve raises rates later this year and the American economy outperforms the Eurozone, said Frank Trotter, Chairman of EverBank Global Markets Group. Trotter added that he expects the Yen to weaken below 125 to the dollar in the coming year as Japan continues with its quantitative easing program. He said the Indian Rupee will strengthen as Prime Minister Modi’s reforms take hold and lift Indian equities. Furthermore, Trotter said the Russian Ruble looks like a smart speculative play now that oil prices have stabilized and the Ukraine situation has seen relative calm.
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