UniCredit sees eurozone fundamentals improving
QE considered unnecessary unless conditions deteriorate
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UniCredit has emerged as the most successful forecaster among FX Week's contributors this year, after topping the charts 12 times. The bank based its strategy on the contrarian view of the euro being more resilient than the consensus expected, says Roberto Mialich, director of FX strategy.
"We held a contrarian view on the euro having more upside potential for the first half of 2014 by identifying structural factors that would support it. Firstly, the improvement in
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