The euro is witnessing some weakness as global markets and investors await news over a potential Greek agreement with its bondholders as well as how the Portuguese bond auctions will pan out today.
Olivier Desbarres, head of FX Strategy, Asia Pacific Ex-Japan, Barclays Capital feels that the euro will eventually head towards 1.25 to the dollar. The short-term challenges plaguing eurozone economies will ultimately lead to soft growth in the region in 2012.
He tells CNBC-TV18 that the European Union
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