The consensus 4Q12 forecast for the EURUSD is $1.25, only a 80 bps decline from its current level. The distribution of the forecasts leads to a more uncertain and volatile move going into the end of the year. Two firms are calling for at least a 700 bps rise in the EUR vs the USD by year end, while three firms are looking for a drop of more than 600 bps in the same period.













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