SEB tops 12-month forecast again
SEB topped this week's 12-month currency forecast rankings by correctly calling a higher EUR/USD for 2010.
Robert Bergqvist, chief economist at SEB in Stockholm, said the bank had expected central banks to implement ultra-expansionary monetary policies.
"And, since the Federal Reserve was in the driver's seat, together with concerns about the health of its economic and financial system, we thought a higher EUR/USD would be in line with such views," said Bergqvist. "The Fed's policy rate at 0–0
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