CMC Markets hits the jackpot with Fed call

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CMC Markets triumphed in two of the three currency forecast tables last week, leading in both the one- and 12-month rankings.

Michael Hewson, chief market analyst at CMC Markets, correctly predicted the decline of the dollar against both the euro and the yen in the weeks preceding the Federal Reserve's decision on interest rates on September 17, and he continues to see a downtrend for the greenback.

"I still think the dollar is going to weaken, especially against the

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