Euro pessimism pays off for 4Cast

The research consultancy took the view that further fault lines in the common currency area would be exposed, as Greece came onto the foreign exchange market’s radar in February. “The late 2009 FX price action has already led us to call a base for the dollar, and the combination of the imminent end to the Fed’s quantitative easing programme and eruption of eurozone-specific issues reinforced that view,” said Ray Attrill, director of research at 4Cast in Sydney.

At that time, 4Cast also took a