EUR/USD call pushes BNP Paribas to the top
Another catalyst needed for EUR/USD to take a significant turn lower
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BNP Paribas topped last week's currency tables by accurately forecasting the scope of the euro's slide against the US dollar, following the European Central Bank's (ECB) announcement that it would pursue a quantitative easing (QE) programme.
On January 23, the day after the official announcement, EUR/USD traded at 1.12 in a continuation of the downward move that saw the pair plummet from 1.16 to 1.13 in the immediate wake of the ECB's press conference.
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