Scotiabank lands at the top with 12-month Swissie bet
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Scotiabank has topped this week's 12-month currency forecast rankings with a spot-on forecast on the Swiss franc and a moderately bearish view on the long-term reaction of the foreign exchange market to the eurozone crisis.
On March 25, 2011, with EUR/USD trading at 1.42, the Canadian bank expected the pair to fall to 1.39. Although the directional view was correct, the pair fell further and was trading at 1.32 on March 26, according to data from
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