ANZ hits the spot with bullish euro view
Bank's optimistic view on the single currency pays off
The Australia and New Zealand Banking Group (ANZ) hit the top spot in last week's forecast tables by taking a bullish view on the euro, despite consensus expectations calling for a sharp drop in the single currency against the dollar.
On December 6, the bank forecast EUR/USD to climb to 1.39 from 1.3671, despite consensus forecasts of a slide to 1.3280. On March 10, the spot traded at 1.3893. ANZ also took a contrarian view on EUR/JPY, forecasting the pair to rise to 145.95 from 139.57. The
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