Monex Europe on top with strong EUR/USD view
Monex Europe has gained top spot in this week’s one-month table by being one of just a few forecasters not to be surprised by the Federal Reserve’s announcement on September 18 that it will maintain its quantitative easing programme at current levels, predicting the Fed would not move until it saw broader, more consistent signs of US economic recovery.
On August 23, with EUR/USD trading at 1.3359, Monex Europe forecast the euro would strengthen to 1.35 against the dollar as it did not believe
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