Dollar’s fall catches out FX rate forecasters over three months
Elsewhere forecasters diverged even more, with dollar/Swiss catching out forecasters to an even larger degree. No fewer than 14 forecasters got it more than 10% wrong, while one was more than 16% out. Cable did not see so many forecasters break the 10% barrier. However, it saw the biggest single divergence ¨C of 17.2%. Saxo Bank came closest with a forecast of 1.91 against the actual rate of 1.9448, making it 1.7% out. It also came out top on
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