Sea-change in EUR/USD views
Of the 26 contributors that submitted fresh forecasts this week, 15 raised their expectations for the one-month e/$ rate – some sharply. Bank of America raised its view from 1.24 the previous week to 1.30 last Friday (November 12). Saxo Bank raised its from 1.27 to 1.3250.
Nine contributors left their forecasts unchanged – while two actually became more bearish on the dollar.
Informa Global Markets revised its view down from 1.30 to 1.2950, and Lloyds TSB's dropped from 1.32 to 1.30.
Such was
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