Crédit Agricole on the rise with bullish dollar view
Crédit Agricole CIB has rapidly ascended from thirteenth to second place in FX Week’s one-month currency forecast rankings for the past two weeks, after keeping a consistent view on the strength of the dollar against major currencies, based on expectations that the drop in US Treasury yields seen in October – and the subsequent downward pressure on the dollar – would be temporary.
On October 11, when EUR/USD was trading at 1.357, Crédit Agricole forecast the pair would drop to 1.339 in one month
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