SG CIB anticipated euro recovery
Société Générale Corporate & Investment Banking (SG CIB) has topped this week’s one-month currency forecast rankings with expectations a political solution to the Greek debt crisis would be presented, causing the euro to fall and then rebound. Sure enough, the Greek government approved a second round of austerity measures on June 29 and the euro subsequently performed well against other majors.
“The presumption we made was that the eurozone crisis was a real crisis but, ultimately, it would have
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