BarCap tops 12-month spot with bearish view
CURRENCY FORECASTS
Adarsh Sinha, FX Strategist for Barclays Capital in London said the accuracy of the firm ’s 12-month forecast is a function of two relatively contrarian views held one year ago.
First, the firm accurately anticipated that market focus would shift towards the USD’s role in the adjustment of global imbalances. Barclays Capital also expected the yield advantage of the USD to narrow against European currencies.
Also on target was Barclays Capital ’s assertion that the yen would depreciate
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