IB&T benefits from euro/dollar accuracy
CURRENCY FORECASTS
The mean forecast of the 35 other banks was 1.2008, while IB&T's 1.21 against a spot rate of 1.2096 saw it make a significant jump.
Tim Mazanec, senior currency strategist at IB&T in Boston, Massachusetts, said the main contributor to the recent rise in the dollar is the ongoing strength of the US economy.
Mazanec said that, as evidenced by the 4.7% unemployment level in January – down from 4.9% the previous month – this strength would force the Federal Open Market Committee (FOMC) to remain in
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