Strong euro bet keeps Danske on top

Eurodollar January 21 2013

Danske Bank has topped this week's one-month currency forecast rankings for the third successive week after accurately predicting in mid-December that a resolution to the negotiations over the US ‘fiscal cliff' would increase the euro's value against other major currencies.

On December 14, 2012, with EUR/USD trading at 1.3094, Danske forecast it would be up at 1.33 in a month's time. Following the holiday period, EUR/USD was trading at 1.3357 on January 14 – levels not seen since April 2012 –

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