Eurodollar will continue to fall, claims Saxo
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Saxo Bank has topped this week's three-month currency forecast rankings after taking the view that the end of the second round of quantitative easing in the US (QE2) would drive strength in the US dollar.
On June 24, Saxo predicted EUR/USD would fall from 1.42 to 1.35 in three months' time, accurately reflecting the spot rate of 1.3458 on September 26.
"We were looking for a consolidation in risk appetite as QE2 was set to expire at the end
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