Societe Generale SA said a customer survey found that foreign-exchange research clients have more confidence in the resilience of the euro area than a year ago.
A survey of 6,700 people showed 99 percent expected the 17- nation currency bloc would exist in its current form in two years. That compares with 95 percent of 6,600 respondents in a May survey, the Paris-based bank said in a report today.
Asian clients were the most willing to buy the euro, with the median value seen as attractive to buy the currency at $1.18. U.S. clients would be willing to purchase at $1.05 and Europeans at $1.12, the survey showed.
Globally corporate clients said they would become buyers of euro at $1.17 compared with “bank” and “real money clients” at $1.15. Hedge funds would become buyers at $1.05, the survey showed.
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