Eurodollar in freefall, says TMS Brokers
TMS Brokers has topped this week's one-month currency forecast rankings after taking a bearish view on the euro in early November – an outlook that it maintains for 2012.
On November 4, with EUR/USD trading at 1.39, the Polish brokerage accurately predicted the pair would fall to 1.35 in a month's time. As expected, eurodollar fell gradually during November and was trading at 1.3315 on December 8.
"We had expected an escalation of the debt crisis resulting in depreciation of the euro for a
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