Euro will continue to rise, says HSBC
HSBC has topped this week's one-month currency forecast rankings after it maintained a bullish short-term view on the euro in its mid-August forecasts and was subsequently rewarded by the recent upsurge in EUR/USD and the weakening of the US dollar against the Swiss franc.
On August 17, with EUR/USD trading at 1.24, HSBC predicted the euro would strengthen to 1.29 in a month's time. In fact, the currency accelerated even faster, trading at 1.31 on September 17, according to data from Thomson
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