Euro will continue to strengthen, says BNP Paribas
BNP Paribas has topped this week's one-month currency forecast rankings with expectations that policy action in Europe and market speculation over a third round of quantitative easing (QE3) in the US would push EUR/USD higher during August.
On August 3, with the euro trading at 1.2281 against the dollar, BNP Paribas accurately forecast it to rise to 1.26 in a month's time. On USD/CHF, the French bank predicted the dollar would weaken over the same period, falling from 0.9786 to 0.95. The
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