Gain Capital wins three-month forecast with bearish dollar view
Gain Capital topped last week's three-month currency forecasts by taking the view that the dollar rally, which started at the beginning of the year, would run out of steam by April because the Federal Reserve's tapering programme would be insufficient to guide it higher.
The bearish dollar view was in contrast to the consensus, which saw the greenback build gains against other majors and called for EUR/USD to slide to around the 1.34 level by April, from the January 17 spot rate of around 1.36
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