G10 forecaster of 2017: CIBC
CIBC still bullish on euro over medium term as political risks stay low
A mix of strong macroeconomic fundamentals and the absence of acute political risk in the eurozone are likely to bolster the single currency against the dollar over the course of 2018, according to Jeremy Stretch, head of G10 FX strategy at CIBC Capital Markets.
CIBC has been the most successful forecaster for G10 currencies in 2017, out of the contributors to FX Week’s forecast tables, winning the rankings 12 times.
“We continue to maintain a reasonable bullish bias for the euro over the
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