SEB wins long-term forecast with precise USD call
Bank's 12-month forecast was more accurate than one- and three-month winners
Skandinaviska Enskilda Banken (SEB) topped last week's 12-month currency forecast tables after correctly anticipating the scope of dollar gains that have come as a result of widening policy divergence between major central banks.
On October 4, 2013, the Swedish bank forecast EUR/USD, EUR/JPY and USD/CHF to trade at 1.27, 137.16 and 0.9568 respectively from 1.35, 131.98 and 0.90 about a year ago.
Highlighting the bank's prescient view, SEB's 12-month forecast fared better at 1.562 points
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