Forex strategists hit back at Greenspan

NEWS

LONDON -- Foreign exchange strategists last week hit back at comments from Federal Reserve chairman Alan Greenspan, who recently said that forex forecasting is the least accurate in economics.

In his testimony to the Senate Banking Committee last month, Greenspan said "there may be more forecasting of exchange rates -- with less success -- than almost any other economic variable".

However, David Bloom, currency strategist at HSBC in London, found that while equity index forecasts for the past

To continue reading...