Rabobank dominates 12-month rankings with weak dollar view

eurusd

Rabobank has topped the 12-month currency forecast rankings for the fifth consecutive week, with an accurate long-term view on the euro's strength, resulting from continuing uncertainties surrounding the US economy and renewed confidence in the eurozone.

On February 3, 2012, the Dutch bank forecast EUR/USD would rise from 1.32 to 1.40 in a year's time, going against the consensus view that the euro would depreciate. The euro's strength in recent months has come as a surprise to many forecasters

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