May - ACI Congress spots euro rise

- By FX Markets Staff
- @FXMarkets_
- 06 Jan 2003

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Panellists at forex industry show the ACI European Congress held in Luxembourg in May correctly forecast the euro’s turnaround, underlining a more widespread bullish tone for the currency that lasted the rest of the year.

Bankers and analysts in a panel discussion held at the event forecast a big move upwards for the single currency, with an aggregated 12-month forecast of $0.982 from five notable speakers -- André Roelants, president and chief executive of Clearstream International

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