Wells Fargo takes top spot with five close calls
The US bank expects another Fed hike towards mid-year
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The anticipation of corrective weakness in the dollar early this year propelled Wells Fargo into the top spot of last week's one-month currency forecast table, with close calls on all five G10 pairs.
On January 15, when EUR/USD was trading at 1.09, Wells Fargo predicted the pair would trade up to 1.11, but it came in at 1.12 last week. The US bank also came close on USD/JPY and cable, which went from 117 to 114 and from 1.43 to 1.45, respectively. It had expected USD
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