BNP tracks USD to reach the top

BNP Paribas has risen to the summit of FX Week 's 12-month historical index by backing the US dollar's rise through the second half of 2008.

The index measures consistency of performance in the 12-month rankings over a period of 52 weeks. Ian Stannard, BNP Paribas's senior foreign exchange strategist in London, said the central theme of the bank's success has been the flourishing dollar. "Last year we were very much looking at the dollar and believed that in the second half of 2008 it would

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