Monex Europe goes against the grain on EUR/USD
Monex Europe has topped this week’s three-month currency forecast rankings with a contrarian view that the US Federal Reserve would not ease monetary policy in September, and that the euro would continue to strengthen against the dollar.
On August 30, with EUR/USD trading at 1.3238, market perception was that the Fed would begin to taper its asset purchasing programme in September, strengthening the dollar against other major currencies. Its eventual decision to delay any changes to policy
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