US dollar will outperform other majors, says BMO

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Download this week's currency forecasts index

Bank of Montreal (BMO) Capital Markets has topped this week's one-month currency forecast rankings, after taking the view that it would be difficult for major currencies to keep pace with the increasing strength of the dollar, as positive US economic data could raise the prospect of Fed tapering sooner rather than later.

On October 18, with EUR/USD trading at 1.3697 and GBP/USD trading at 1.6217, the Canadian bank predicted both the euro and

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