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Most-Accurate Forecasters On Euro Clash With Options Sign

“The world’s most-accurate foreign- exchange strategists say the worst is over for the euro this year, putting them at odds with traders who see more pain as the region’s economy shrinks and the sovereign debt crisis deepens.

Led by Wells Fargo & Co. and Westpac Banking Corp. — which correctly called the euro’s weakness last quarter — the five best firms as measured by Bloomberg expect Europe’s 17-nation common currency to end the year at about $1.26, up from $1.2289 as of 11:01 a.m.London time. That’s above the $1.24 median estimate in a survey of 55 strategists by Bloomberg News.”

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