US dollar will continue to outperform, says StanChart
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Standard Chartered has topped this week's one-month currency forecast rankings after predicting the US dollar would outperform other major currencies against a backdrop of weakness in Europe and Asia – a trend it expects to continue in the coming months.
On May 3, the bank predicted the euro would fall from 1.31 to 1.30 against the dollar in a month's time while rising from 128.71 to 130 against the yen, accurately reflecting spot rates on June 3. It
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