Scotiabank on the mark with bearish euro call

eur-usd-2805

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Scotiabank has topped this week's three-month currency forecast rankings with a close-to-the-mark prediction of euro depreciation after a rally at the start of the year. On February 24, with EUR/USD trading at 1.34, Scotiabank forecast the euro would fall to 1.28 in three months' time, accurately reflecting the spot rate on May 21.

"In February, we had a bearish call on the euro, having just gone through a significant risk rally. The G-4 central

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