Slow and steady wins Wells Fargo the race

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Wells Fargo has topped this week's three-month currency forecast rankings, after predicting a slow and steady path of growth for the US dollar despite volatility caused by market reaction to US Federal Reserve policy announcements over the past few months.

On May 10, when the US dollar was trading at 1.54 against sterling, Wells Fargo forecast the pair would remain steady in three months’ time. Despite reaching a high of 1.58 in mid-June before plummeting to 1.48 early in July, as messages

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