RBS on top with short-term euro resilience bet
Royal Bank of Scotland (RBS) has topped this week's one-month currency forecast rankings after betting that the euro would hold ground against the US dollar, particularly as the markets begin to factor in the potential effects of the upcoming US presidential elections.
Aiming slightly higher than the contributors' consensus view of 1.25, RBS accurately predicted on June 1 that EUR/USD would rise from 1.23 to 1.26 in a month's time as part of a gradual climb towards 1.30 over several months.
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