BarCap predicts trouble ahead for the euro

During the forecast period, the Bank of Japan's foreign exchange intervention and talk of further quantitative easing (QE) by the Bank of England meant the ECB looked more hawkish simply by continuing with its exit strategy, said Raghav Subbarao, FX strategist at Barclays Capital in London. "Consequently, the euro was the best-performing major currency in the month following the Federal Open Markets Committee (FOMC) meeting on September 21," said Subbarao.

The European unit further benefited

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