No change is good news for forecasters
CURRENCY FORECASTS
Tim Mazanec, senior currency strategist at IB&T in Boston, Massachusetts, said this is mainly due to the bank's accuracy in predicting the dollar closing out the first quarter largely unchanged versus the euro. "However, it did make gains against many of its other major trading partners, including the yen and sterling, as it attempts to further capitalise on the momentum it created in 2005," he said. "A major reason for the non-directional trade versus the euro is due to the ECB engaging in a
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