Dollar strength hits accuracy
CURRENCY FORECASTS
The twelve-month USD/JPY average forecast stood at an unusually high 18.85, but Teis Knuthsen, head of foreex, fixed income and derivatives research at Danske Bank in Copenhagen pointed to the past three months as being particularly difficult. The average three-month divergence figure for the pair stood at 11.1.
"The past three months covers a difficult period, with extreme swings in sentiment and many forecasters being caught out," he said.
"Many observers still hold the view that the dollar
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