Scotiabank nails it on two G10 pairs

Scotiabank came out on top by gauging central banks' actions


Policy divergence once again helped Scotiabank to top last week's three-month currency forecast table, with spot-on calls for two of five G10 currency pairs and three close calls on the others.

On August 21, when EUR/USD was trading at 1.13, Scotiabank projected the pair would trade down to 1.07 in three months' time, which it did. Similarly, the bank also predicted USD/CHF would trade up to 1.01 from 0.95, also a spot-on call.

"We were – and still are – focused on relative policy, with a view

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