Westpac tops table with pessimistic dollar view
Westpac's pessimistic stance on the likelihood of the US Federal Reserve tapering quantitative easing this year continues to bring the bank success, as it tops this week’s three-month currency forecast rankings after leading FX Week’s one-month table two weeks ago.
On August 2, when EUR/USD was trading at 1.32, Westpac expected the pair to remain stable over the next three months, forecasting against the consensus view that it would fall to 1.27. In fact, since then, the Federal Reserve has not
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