Wells Fargo wins with EUR/USD view
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Wells Fargo topped last week's one-month currency forecast tables after anticipating EUR/USD would have a limited scope of movement due to the pause in significant global monetary policy developments.
On April 11, the bank forecast EUR/USD – at that moment trading between the high 1.38s and the 1.39 region – to stabilise at 1.38. The prevailing sentiment saw the euro slide further against the dollar towards the low 1.37s. On May 12, EUR/USD fell to 1.3768, after the
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