Pick-up in volatility takes SEB to top
The Swedish bank sees EUR/USD trading at 1.08 by June
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SEB topped last week's 12-month forecasts by taking the view that currency movements would widen as a consequence of the major central banks' diverging policies.
Interest rates close to zero in developed economies led to a low volatility environment for most of 2014, but with the US Federal Reserve tapering its stimulus programme, – a process it finished in October – volatility began to pick up, says Carl Hammer, chief currency strategist at SEB.
"Volatility has been
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