Dollar bulls will have to wait, says Rabobank
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Rabobank has topped this week's three-month forecast rankings, after predicting the US dollar would weaken against most major currencies while the market waited for an indication from the US Federal Reserve regarding a scale-back of its quantitative easing programme.
On July 12, with EUR/USD trading at 1.3045, Rabobank forecast the pair would rise to 1.31 in three months’ time. Its directional view proved correct, and EUR/USD was trading at 1.3586 on
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