Contrarian euro view lands RBS on top
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Royal Bank of Scotland (RBS) has topped this week’s one-month currency forecast rankings with a prescient view on the short-term rally of the euro on the back of the latest bond-buying programme announced by the European Central Bank (ECB) in early September.
On September 7, the day after the landmark announcement by ECB president Mario Draghi, EUR/USD was trading at 1.2691 and the consensus view of forecasters was that it would fall to 1.24 in a
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