Danske Bank bags victory on USD/CHF call

The bank expects the Fed to leave interest rates alone until September

US Fed
While the Federal Reserve (pictured) could remain inactive, Harr expects the ECB to make some moves


Danske Bank topped last week's three-month currency forecast table with an on-target call for USD/CHF and close predictions on two out of five G10 pairs, after anticipating the dollar rally would lose steam.

When USD/CHF was trading at 1 on November 6, Danske accurately predicted the pair would decline to 0.99 in three months' time.

"We have for a long time been expecting the dollar will strengthen until such a time when the Fed will hike interest rates, but that the

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