Thomson Reuters accurately pessimistic on US dollar strength during 2011
Thomson Reuters – IFR Markets has topped this week's 12-month currency forecast rankings with an accurate long-term view that the US dollar would weaken during 2011 to the advantage of both the Swiss franc and the yen.
"A year ago, we were six months into a Greek debt crisis that kicked off in mid-2010. We didn't anticipate the volatility that we've seen and we didn't expect the weakness of EUR/ GBP to prevent GBP/USD from moving up. But US structural concerns were a lot higher up on the agenda
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