Saxo nabs top spot on dollar strength

The bank's FX strategist says the Federal Reserve will continue to hike if employment numbers remain solid

dollar-grass
Green light: looking ahead, Hardy believes the dollar will strengthen even further

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Saxo Bank topped last week's one-month currency forecast table with four close calls, predicting the dollar would strengthen despite diverging central bank policies.

On December 18, when EUR/USD was trading at 1.08, Saxo projected the pair would see a slight decline in a month's time, but it held steady last week. The bank also expected USD/JPY to trade up to 122 from 121, but it declined to 118 instead.

"At the time, and this was before all of the market turmoil, I

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