Saxo wins with persistently bullish USD call
The bank forecasts the Fed to hike rates by mid-2015
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Saxo Bank topped last week's one-month currency tables by correctly anticipating the dollar's strength would persist, despite the widely perceived risk of the US Federal Reserve putting out a dovish statement after its last policy meeting of 2014.
EUR/USD started to slip from the 1.25 level towards the mid-1.23 area in early December, but during the first week of the month the pair regained some ground as doubts surfaced over the degree of hawkishness expected in the
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