Volatility to remain constrained by central banks, says Rabobank

Euro-yen January 14

Rabobank has topped this week's 12-month currency forecast rankings after predicting at the start of 2012 that an increase in risk appetite would weaken both the US dollar and the Japanese yen.

On January 6, 2012, with USD/CHF trading at 0.95, Rabobank accurately forecast that the pair would fall to 0.93 in 12 months' time, while GBP/USD would rise from 1.55 to 1.63.

"Our weaker dollar view was from the anticipation that more quantitative easing (QE) in the US would remain a theme, helping to

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