Currency wars may have been a recurring theme in 2010, but as quantitative easing and spiralling debt crises roll into the New Year, here are some predictions for 2011.

LONDON, England - January 3, 2011 - Fighting currency talk hit the headlines in 2010, with Barack Obama taking an uncharacteristic jibe at China’s currency policy, while China joined Germany in criticizing Amerika’s money printing policy.

But while commodity currencies won the battles of 2010, with the Australian dollar up 16.5% against sterling over just 10 months to A$1.5195 and the Canadian dollar up 10% to C$1.5453, it was safe havens like the dollar, yen and Swiss franc that won the war.

Despite ongoing U.S. economic worries and further quantitative easing on the cards for 2011, the dollar’s status as the haven of all safe havens continued, as investors threw away the rulebook and rushed to the greenback.

Glenn Uniacke, senior dealer at Moneycorp says that since the beginning of the crisis, “a ‘bigger is better’ attitude is what we’ve seen. So despite their relatively weakening economies, we’ve seen the dollar, the yen, and the euro prosper.”

Mr. Uniacke predicts the dollar to be “the best of a bad bunch” in 2011, ending the year at $1.40 against sterling compared with $1.54 today, with much of its strength seen during the first half.