BarCap prevails on bearish outlook
CURRENCY FORECASTS
From April 2007, BarCap believed the US dollar and yen would continue to be weak, particularly against the euro.
"We expected the growth/inflation mix to favour the euro over the US dollar, and believed resident portfolio outflows would continue to weigh on the yen," said Adarsh Sinha, BarCap's London-based forex strategist.
This bearish forecast has since been validated, with the dollar and yen proving to be the worst performing G10 currencies over the past month.
Looking ahead, BarCap believes
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