RBS on top with spot-on EUR/USD view
Royal Bank of Scotland (RBS) has topped this week’s three-month currency forecast rankings after predicting that the euro would climb higher against the dollar despite concerns about weak growth in the eurozone and continued disinflationary pressures on the European Central Bank (ECB).
On November 22, 2013, with EUR/USD trading at 1.3515, RBS forecast the pair to strengthen to 1.38 which it duly did on February 24. Nicholas Mannion, FX desk strategist at RBS in London, says the forecast was
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