Quarterly forecasts from J.P. Morgan Chase suggest that the euro will strengthen a little against the American dollar over the next quarter, and then stay at the same level into next spring. The currency has weakened a little over the past three months. The exchange rates for sterling and Swiss francs are also expected to remain broadly stable over the next year. The Swedish krona is expected to appreciate in the next three months and to hit still loftier highs by April 2002. The yen is expected to weaken against the dollar, before regaining a little ground by next April. On an opposite course, the Brazilian real will strengthen a little this summer, before softening over the following nine months. The Mexican peso is predicted to experience a 10% fall against the dollar over the next year.