Swissquote wins by anticipating euro weakness
Swissquote sees EUR/USD approaching parity by year end
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Swissquote topped last week's one-month forecast tables by anticipating the extent of the European Central Bank's (ECB) quantitative easing (QE) measures and the scope for further euro weakness.
On January 16, the bank forecast EUR/USD to fall to 1.14, from the high 1.15 region it was then trading at, as a consequence of the ECB announcing on January 22 that it would pursue QE.
Peter Rosenstreich, head of market strategy at Swissquote, says the firm was confident of
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