Looking at the consensus of FX analysts, the biggest gains* in the G10 against the dollar are expected to be the Norwegian krone (+3%) and the pound (+2%), while the biggest losses are expected for the New Zealand dollar (-3%) and Swiss franc (-2%). Both the euro and the yen are expected to eke out small gains against the dollar (Chart 1). None of these moves are even half of the typical volatility of these currencies – so for most of the G10, analysts do not hold strong views…
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