CBA forecasts accurately navigate summer of discontent
Commonwealth Bank of Australia (CBA) has topped this week's one-month and 12-month currency forecast rankings after accurately predicting how major currency pairs would react to recent volatility in the foreign exchange market.
On July 15, strategists at the Australian bank predicted EUR/USD would remain steady, climbing only marginally to 1.42 in a month's time, which accurately reflected the spot rate on August 15. Looking forward, Richard Grace, chief currency strategist and head of
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