Forecasts of BofA Merrill Lynch to movements in major currency pairs

AUD / USD: Q4 of 2015-0.730; Q4 of 2016 – 0.680

EUR / GBP: Q4 of 2015-0.710; Q4 of 2016 – 0.690

EUR / USD: Q4 2015 1.00; Q4 2016 1.00

USD / CAD: Q4 of 2015-1.300; Q4 of 2016 – 1.230


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