Euro decline will accelerate in 2012, says Rabobank
Rabobank has topped this week's three-month currency forecast rankings after making an accurate prediction in early November that the euro's depreciation would be only moderate in the medium term.
On November 11, 2011, with EUR/USD trading at 1.36, Rabobank forecast the euro would fall to 1.33 against the dollar in three months' time, accurately reflecting the spot rate on February 13.
"We did not become quite so bearish with respect to eurodollar as the market consensus during that time
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