Eurodollar will break out of 1.4 range by year-end, says SEB

Richard Falkenhall at SEB
Richard Falkenhall, SEB

Swedish bank SEB has topped this week's three-month currency forecast rankings, having maintained a moderately bullish position on the euro despite rising tensions relating to Greece's fiscal position, which reached a climax with the announcement of a second bail-out in July.

On May 27, SEB predicted EUR/USD would rise from 1.42 to 1.44 in three months' time, accurately reflecting a spot rate of 1.4431 on August 26.

"Much water has gone under the bridge since we made our forecasts three months

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