UBS adopts flexible approach to euro forecasts
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UBS has topped the 12-month historical forecast index for the second successive week; an achievement it attributes to a willingness to change its expectations in both directions over the past year.
In the second quarter of 2010, the sovereign debt crisis escalated as the European Union put together a bail-out package to rescue Greece, and a number of forecasters (such as Gain Capital and Informa) took a bearish view on the euro as a result.
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