SEB rises in rankings as Swiss franc falls
Swedish bank SEB has topped this week’s one-month currency forecast rankings after accurately predicting a gradual weakening of the Swiss franc and a strengthening of the yen.
On April 13, with USD/CHF trading at 0.91 and USD/JPY at 80.86, SEB accurately forecast the former would rise while the latter would fall in a month’s time. The bank’s bearish outlook on the Swiss franc was based on a belief the currency would move in tandem with the euro, which has also weakened against the dollar over
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