Flow data forecasts success for banks
Online trading company CMC Markets was the only exception in a week where banks filled the top three positions in the FX Week one-, three- and 12-month currency forecast rankings. The company led Bank of China and Barclays Capital in the three-month forecast rankings.
Dresdner Kleinwort showed considerable accuracy, topping both the one- and 12-month forecasts. Michael Klawitter, senior currency strategist at the German bank in Frankfurt, said access to client flow data "certainly helped a lot"
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