CMC Markets wins with bullish dollar view

The firm expects USD/JPY to correct back to 115



CMC Markets topped last week's three-month currency forecast charts after correctly predicting the US dollar was about to accelerate gains in the G10 space, despite the overall consensus calling for little change in the markets.

On September 5 the euro started its downward move against the dollar, from the 1.30 level, after the European Central Bank (ECB) cut rates and unveiled plans to launch an asset-purchase programme.

Michael Hewson, chief market analyst at CMC

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