European focus boosts Dresdner Kleinwort

Dresdner Kleinwort kept its focus close to home to comfortably claim glory in the three-month forecast rankings.

The German bank instigated a very "European-specific argument" at the start of December when the winning forecasts were submitted, according to Frankfurt-based senior currency strategist, Michael Klawitter.

"We expected that the disappointment on an economic front, especially from the eurozone, still had quite a long way to run, and we took the view that the European Central Bank

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