Watching interest rates reaps rewards
CURRENCY FORECASTS
This week, the bank is placed second in the one-month historical index rankings and fourth for its one-month forecasts. This is primarily thanks to its prediction in December that EUR/USD would be at 1.31, compared with its actual value of 1.2942 on January 22, and its prediction for GBP/USD at 1.95, compared with 1.97 on that date.
Timothy Mazanec, senior currency strategist at Investors Bank & Trust in Boston, explained that at the end of 2006, many observers were expecting to see the US
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