Bet on euro's long-term strength puts NAB on top
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National Australia Bank (NAB) has topped this week's 12-month currency forecast rankings after taking a bet against the consensus that Mario Draghi, president of the European Central Bank (ECB), would stand by his commitment, made in July 2012, to do "whatever it takes" to protect the future of the euro, which in turn would strengthen the currency.
On August 24, 2012, the Australian bank predicted EUR/USD would climb from 1.25 to 1.35 in a year's
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