Rabobank wins one-month forecast with upbeat dollar view
Dollar gains correctly predicted by Dutch bank
Rabobank topped last week's one-month forecast tables by taking the view that the dollar would regain some ground against the euro, after the single currency traded as high as 1.39 in early March, and forecasting EUR/USD to trade around the 1.37 level by April.
On March 7, 2014, the bank saw EUR/USD slipping from 1.3907 to 1.37, in line with the consensus that saw the pair lower at 1.3623. On April 7, the pair was trading at 1.3716.
Jane Foley, senior currency strategist at Rabobank, says that
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