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Banks forecast euro rate cut

With investors beginning to take short positions on the euro, UBS, RBS and BAML expect an ECB rate cut, which would lead to a significant weakening of the euro

By Richard Nehme | Nov. 5, 2013 11:17 GMT
Euro continues to benefit from weaker USD
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Uncertainty remained over the timing of the Federal Reserve’s stimulus tapering programme – Fed member Rosengren suggested that the policy should be accommodative for some time [...]

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