Scotiabank makes on-target call on greenback's strength
US Fed and BoE could tighten in Q1 2016 while peers remain accommodative
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Scotiabank topped last week's three-month currency forecasts with an on-target call on the dollar strengthening against the Swiss franc, based on central banks' policy divergence.
On July 3, USD/CHF was trading at 0.94 when Scotiabank forecast the pair to rise to 0.98 in three months' time. Amid a climate of diverging monetary policies and uneven global growth, the Swiss National Bank (SNB) sent shockwaves through the financial system in January when it abandoned a
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