RBS lands top spot with on-target EUR/USD call

Projections of FX entering a holding pattern prove true



Royal Bank of Scotland (RBS) topped last week's one-month currency forecast table with an on-target call on EUR/USD declining and close projections for four other major pairs.

The bank made the forecasts after successfully gauging short-term market caution would result from Federal Reserve inaction, and that concerns about China and emerging markets would persist.

At its September 16–17 meeting, a dovish Fed decided to hold off on an interest rate increase because of

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