Euro rally will be short-lived, says TD Securities
TD Securities has topped this week's three-month currency forecast rankings with a view that the euro would rebound against the dollar after months of market speculation over whether the Federal Reserve would begin tapering its quantitative easing programme in September.
On July 5, when EUR/USD was trading at 1.2878, the Canadian bank accurately predicted the euro would climb to 1.35 in three months' time. On September 18, the Fed revealed recent economic data was not strong enough to convince
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