CBA on top with accurate view on dollar weakness
Commonwealth Bank of Australia (CBA) topped this week's one-month currency forecast rankings with an accurate prediction that the weakness of the US dollar would continue while the euro would appreciate in April.
On March 25, CBA predicted EUR/USD would be 1.425 in a month's time, while USD/JPY would be at 81.5 and GBP/USD would reach 1.64. All three forecasts came close to the April 26 spot rates of 1.46, 81.65 and 1.65 for the respective currency pairs.
"We thought the soft patch in the US
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