Weakening euro lands RBS on top

eurusd-2503

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Royal Bank of Scotland (RBS) has topped this week's one-month currency forecast rankings after taking an accurate view in mid-February that the weakening of the euro would continue, despite the strength it had shown at the start of the year.

On February 15, with EUR/USD trading at 1.3343, having fallen from 1.37 on February 1, RBS forecast it would fall further to 1.30 in a month's time, accurately reflecting the spot rate of 1.2960 on March 18.

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