Saxo and ANZ pick dollar lows

But despite such big swings, some forecasters on the FX Week Currency Forecasts Index were prepared for the move.

Saxo Bank, whose one-month forecasts for the five major currency pairs, submitted on October 1, were less than 1% off the actual rates on November 1, was the top forecaster on the 1m index.

ANZ took the top spot on the three-month index, with its forecasts submitted on July 30 out by less than 1.5% compared with November 1 spot rates.

John Hardy, currency strategist at Saxo Bank in C

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