TMS Brokers tops table as euro falls

Abstract

TMS Brokers has topped this week's one-month currency forecast rankings with an accurate view on the euro based on expectations the European Central Bank would maintain a cautious stance despite early signs of economic recovery in the eurozone. On August 9, with EUR/USD trading at 1.3379, TMS Brokers forecast the pair would move down to 1.31 in one month's time, accurately reflecting the spot rate of 1.3184 on September 9, according to data from Thomson Reuters.