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Forecast

Carry view takes Lehman to the top

Expectation of an FX carry unwind helped Lehman Brothers to the top of this week's one-month currency forecast rankings, said Jim McCormick, head of FX research at the bank in London.

Barren greenback boosts Merrill

A bearish view on the US dollar led Merrill Lynch to top the one-month currency forecast tables, according to Emma Lawson, G10 FX strategist at the bank in London.

HSBC drawn up by drawdown

HSBC beat Merrill Lynch, Barclays Capital and Bank of America in FX Week 's one-month currency forecast rankings, by predicting the carry trade would unwind.

Weak greenback benefits Scotia

Scotia Capital topped this week's one-month historical index by predicting broad weakness in the US dollar, said Camilla Sutton and Stephen Malyon, currency strategists at the bank in Toronto.

RBS's subprime prediction pays off

Royal Bank of Scotland (RBS) topped the one-month currency forecast tables this week, by predicting the US subprime mortgage market would lead a sell-off in credit markets.

Dresdner driven by greenback

Dresdner Kleinwort’s view on the US dollar led the bank to beat SEB, Calyon and JP Morgan in FX Week’s one-month currency forecast ranking this week.

SEB carried by short-term view

A carry-friendly view has helped SEB beat Barclays Capital, JP Morgan and Lehman Brothers in this week's one-month currency forecast rankings.

4Cast buoyed by trade sentiment

A belief in the longevity of the carry trade has helped economic consultancy 4Cast top the three-month currency forecast rankings this week.

USD, JPY predictions help StanChart

Callum Henderson, Singapore-based global head of FX strategy at Standard Chartered, said the bank's one-month forecasts were driven by a view that the weakness in the yen and US dollar would continue in the near term.

Long-term USD positioning helps GFT

GFT's long-term bearish view on the US dollar helped the online currency trading company pass JP Morgan and Société Générale in this week's 12-month rankings.

Rallying euro benefits Scotia Capital

Currency strategists Camilla Sutton and Stephen Malyon said that anticipating last month's euro climb helped Scotia Capital to top the one-month historical table.

A bearish dollar view benefits GFT

GFT's bearish one-month forecast for the US dollar flew in the face of largely positive economic data coming out of the US, including employment and GDP figures.

Bullish yen outlook helps BNP Paribas

Ian Stannard, senior currency strategist for BNP Paribas in London, said Japanese weekly security flow data from the Ministry of Finance gave the firm an indispensable heads-up on the health of the yen.

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