Theoretical Depreciation Reserve

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Forex Forecasts Revised as Fears of a Global Recession Loom

Published November 17, 2008, 5:07 am, Daily FX

We revised our FX forecasts on 24 October – in between our regular forecast updates. Most notably, we raised all our short-term USD forecasts and pencilled in more JPY and CHF strengthening, along with more SEK and NOK short-term weakness.

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