Saxo Bank wins with long-term dollar call

John Hardy is unsure how long EUR/USD parity will last



Saxo Bank has topped this week's currency forecast rankings after correctly predicting the US dollar would broadly strengthen against other major currencies over the course of 12 months, thanks to the likely divergent monetary policy of the main central banks.

On March 21, 2014, EUR/USD and GBP/USD were trading at 1.37 and 1.66, respectively, with the former entering some of the lowest periods of volatility seen by currency markets. But, as summer approached, the US

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