CBA tops the chart with euro and yen views
Correctly forecast a stronger euro and a weaker yen
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>Commonwealth Bank of Australia (CBA) topped last week’s 12-month currency forecast tables after going against the prevailing sentiment on all five main pairs. The bank was particularly close in predicting that EUR/USD and EUR/JPY would rise, despite the near-consensus that the pairs would move lower.
On March 15, 2013, EUR/USD was trading at 1.30 and CBA forecast it would jump to 1.37 over a 12-month period, despite the majority of predictions for 1.26. On March 17, EUR
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