Outlook for 2013

The euro has defied expectations, ending the year much higher than predicted. Alice Ross, the FT's currencies correspondent, asks Jose Wynne, head of foreign exchange research at Barclays, what effect the ECB's Outright Monetary Transaction scheme would have on the euro if implemented next year. Also under discussion is the outlook for the dollar if a deal is reached on the fiscal cliff, and whether the yen will finally weaken.

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