RBC takes issue with yen weakness
Download a pdf of this week's currency forecasts index
Royal Bank of Canada (RBC) has topped this week's one-month currency forecast rankings after taking a contrarian view on the performance of the yen.
On May 20, the Canadian bank predicted USD/JPY would drop from 81.52 to 80 in a month's time, which accurately reflected the spot rate on June 20. Not for the first time, the bank's forecast went against the grain of its competitors, with the consensus of forecast contributors expecting the
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