Saxo hits jackpot with dollar call

Danish bank tops this week's forecast tables

forecasts

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Saxo Bank won in two of the three currency forecast tables last week, topping both the one and 12-month tables with an on-target call on the appreciation of the dollar against the euro.

On July 10, when EUR/USD was trading at 1.12, the Danish bank forecast the pair to drop to 1.09 in a month's time.

"The market seems to care less about the Fed liftoff date. Even a September hike may not be a big deal at this point – it's more about whether we see a steepening of the

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