Yen to take over as main driver

4Cast tops the three-month ranking, moving up two places and forcing Rabobank into second. It has also been helped by correctly predicting a relatively strong dollar.

Chris Furness, senior currencies strategist at 4Cast in London, said: "We remain impressed by the balancing act created by the US Federal Reserve. The fed has nudged rates higher, keeping expectations (for more hikes) fairly well balanced, meaning the dollar has continued to soften only gently."

A major event risk – which 4Cast has

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