Bearish US view scores a win for Swissquote

Risk and reward: "Most economic indicators continued to paint a mixed picture of the (US) economy," says Masset

- By Laura Matthews
- 27 Jun 2016

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Swissquote came top of the 12-month forecast rankings by taking a bearish view on the US economy, and scoring close calls on USD/CHF and EUR/JPY.

The broker led the pack with a 0.96 spot-on call for USD/CHF, which was trading at 0.92 a year ago. It also scored a close call on EUR/JPY, which traded down from 139 to 122, instead of the projected 118.

Swissquote's victory was aided by its bearish view of the US economy, held since last year, despite a then hawkish Federal

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