Rabobank tops table with contrarian euro view

eurusd-2608

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Rabobank tops this week’s 12-month currency forecast rankings with a view that the eurozone’s current account surplus would weigh in the euro’s favour, despite the market’s generally pessimistic predictions for the currency at the time.

On August 17, 2012, when EUR/USD was trading at 1.2363, Rabobank set stock by European Central Bank president Mario Draghi’s commitment in late July to do “whatever it takes” to protect the euro and predicted the pair

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