Scotia profits from eurozone's escape
"The ECB was talking in very hawkish terms, and we had not seen any fallout from the US into the eurozone," said Camilla Sutton, currency strategist at Scotia Capital in Toronto. .
Three months ago the Canadian dealer predicted a EUR/USD cross at 1.54, a significant rise from the then-spot rate of 1.47, but below Monday's rate of 1.56.
Scotia Capital is holding its bearish dollar view well into 2009, with a 12-month EUR/USD forecast of 1.57. Until eurozone inflation pressures ease, it is
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