Belief in euro keeps Bank of Montreal on top

Eurodollar June 3 2013

Bank of Montreal (BMO) has topped FX Week’s 12-month currency forecast rankings for the 10th week in a row, thanks to an accurate prediction that the European monetary union would remain intact, despite the uncertainty surrounding the future of the euro in the first half of 2012.

On May 25, 2012, EUR/USD was trading at 1.25, having come down from highs of 1.49 the year before, as negative sentiment prevailed in Europe following the indecisive Greek elections and calls for austerity measures in

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