Eurodollar pullback lands Thomson Reuters top spot
Thomson Reuters – IFR Markets has topped this week's three-month currency forecast rankings by taking a view at the start of this year that market optimism over recovery in the eurozone and the resilience of its currency was overdone.
On January 25, when EUR/USD was trading at 1.3438, Thomson Reuters forecast the pair would pull back to 1.30 in three months’ time. In fact, the euro weakened further, as the crisis in Cyprus and political uncertainty in Spain and Italy pushed EUR/USD to lows of 1
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