Consistency offers rewards


This might be due to the conflicting impact of the US’s current account deficit and an improving US economy, which are causing a lack of forecasting consensus on the medium-term e/$ view, suggested Lee Ferridge, head of treasury strategy at Rabobank in London. But Rabo, currently in the top five year-to-date rankings for both one-month and three-month forecasts, has consistently forecast a bullish tone for the dollar. "We have forecast a lower e/$ throughout the year on both one and three-mo