FXCM wins out with accurate medium-term euro view
FXCM has topped this week's three-month currency forecast rankings after taking an accurate view in early September that EUR/USD would finally break downward out of its range as the eurozone crisis continued, and USD/JPY would remain steady despite the threat of intervention.
On September 9, with EUR/USD trading at 1.38, FXCM went against the consensus view, which forecast the euro to appreciate to 1.41, and instead predicted it would fall to 1.33, accurately reflecting the spot rate on December
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