Danske Bank bags victory on USD/CHF call
The bank expects the Fed to leave interest rates alone until September
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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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