Beware of bad news in the eurozone, warns Thomson Reuters

Eurodollar January 7

Thomson Reuters – IFR Markets has topped this week's 12-month currency forecast rankings after taking an accurate view at the end of 2011 that the eurozone crisis would calm during the course of 2012, supporting the euro's strength against both the US dollar and the yen.

On December 16, 2011, with EUR/USD trading at 1.30 and EUR/JPY at 101.45, Thomson Reuters – IFR Markets forecast that the euro would rise to 1.40 against the dollar and 117.50 against the yen by the end of 2012. While the

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