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Macquarie as best forecaster sees Yen, Aussie drops: Currencies

Posted on 10 January 2014

Macquarie Group Ltd., which has ousted Canada’s Desjardins Group as the world’s most accurate currency forecaster, is telling clients that its top picks for 2014 call for declines in Australia’s dollar and the yen.
Australia’s largest investment bank sees the Aussie sliding about 8 percent by Dec. 31 and the yen falling more than 5 percent as central banks in the two nations add to monetary stimulus that have sent their currencies to the lowest levels in at least three years……………………………..Full Article: Source


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