Nomura wins with four on-target views

Nomura correctly anticipates consolidation in the dollar

forecasts

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Nomura has topped last week's one-month currency forecasts with four out of five spot-on calls, as it correctly predicted a consolidation in the dollar while investors started to adjust their expectations for a rate hike instigated by the Federal Reserve in the US.

On April 24, the Japanese bank forecast EUR/USD to rise to 1.0907 from 1.0814 in a month's time. The pair jumped to a high of 1.1449 on May 15, following disappointing economic data in the US, but came back

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