Informa’s ECB rate-based bet pays off
Informa Global Markets topped this week’s one-month currency forecast rankings after making an accurate prediction that the euro would strengthen as the European Central Bank (ECB) started to raise interest rates.
“The euro has been a star performer during this period and that was reflected in our revision of EUR/USD forecasts to a more bullish position. A buy bias of the currency has easily been the best strategy to adopt. On the flip side, the dollar has been under relative pressure due to the
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