Once again the roaring of an euro bear

".. The most accurate foreign-exchange forecaster says the euro will continue to weaken and may approach parity with the dollar as the European Central Bank buys more government bonds to support the region’s economy.
Shaun Osborne, chief currency strategist at TD Securities Inc. in Toronto, said the euro will depreciate to $1.13 in the third quarter, $1.08 by year-end and may near $1 in 2011 before recovering..."
Full text
Comment:  OK, see you in December, Shaun. In financial markets the distinction "most accurate foreign-exchange forecaster" means nothing. Nowhere is the change from "best" to "worst" so fast.
In the meanwhile the euro's rally goes on and our forecast still stands: 1.2618 right now. Remember the boys telling that the rate would go down to 1.15 or 1.10 soon? I at least remember how it was some time ago when I felt as if I were more or less the only one to hang on to a bullish forecast for the euro.