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Bank of Singapore: 12-month EURUSD forecast upgraded to 1.15

Reduced political risk and improving economic fundamentals have prompted Bank of Singapore to upgrade its 12-month EURUSD forecast to 1.15, from 1.10. The bank said in a note that it had already made “major directional changes” to its EURUSD outlook in early April, switching its outlook from “neutral” to “stronger conviction” on expectations that the euro will trade higher over…

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