Crédit Agricole wins with steady euro bet
Crédit Agricole CIB has topped this week's three-month currency forecast rankings after accurately anticipating a near-term fall in eurodollar and a rise in USD/JPY when forecasting in mid-February.
On February 10, with EUR/USD trading at 1.32 and USD/JPY at 77.70, the French bank forecast the former to fall to 1.30 within three months and the latter to rise to 79 – both forecasts accurately reflected spot rates on May 8.
"When we made our yen forecast, USD/JPY was on an upward curve but we didn
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