Eurodollar on its way to parity, says FXCM
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FXCM has topped this week's three-month currency forecast rankings with an accurate all-round set of forecasts in March, including a particularly prescient view on the direction of EUR/USD and USD/CHF.
On March 9, with EUR/USD trading at 1.32 and USD/CHF at 0.91, the New York-based retail broker forecast a significant weakening of both the euro and the Swiss franc, with its forecast for EUR/USD at 1.25 accurately reflecting the June 6 spot rate.
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