Eurozone woes spreading to China, warns BAML
Bank of America Merrill Lynch (BAML) has topped this week's one-month currency forecast rankings after taking a negative view on eurodollar and USD/JPY following Greek elections and the European Union summit during the second half of June.
On June 22, with EUR/USD at 1.26 and USD/JPY at 80.35, BAML forecast the two pairs to weaken to 1.20 and 78 respectively as the market lost confidence in the political process that had generated consistent spikes in the euro around political developments over
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