BMO’s three-month euro view on the money
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Bank of Montreal (BMO) has topped this week's three-month currency forecast rankings after taking an accurate view that the eurozone crisis would worsen during the fourth quarter of 2011, affecting several major currency pairs.
On September 30, 2011, the Canadian bank forecast EUR/JPY would drop from 103.66 to 99, while the consensus of contributors expected the pair would rise to 104.59. The euro depreciated gradually against the yen during the
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