Mar 01 2016

Rate Range Projection by Bank

Next week 111.50 –114.50

Next 3 months 105.00 - 115.00

The below is a topic from market news

Dollar, yields rise, backed by U.S. data; stocks, oil fade

The U.S. dollar jumped on Friday and Wall Street's stock rally faded as fresh economic data kept alive Federal Reserve rate increases, while oil prices turned negative late in the session.

The S&P 500 ended slightly lower but finished the week up 1.6 percent. Europes FTSEurofirst 300 stock index .FTEU3 tallied a 1.6-percent rise on Friday, fueled by strength in mining shares as industrial metals such as copper CMCU3 and aluminum CMAL3 gained.

The dollar rose broadly and the dollar index .DXY, a measure of the greenbacks value against six major currencies, gained 0.8 percent to post its best weekly performance since November. Against the Japanese yen, the dollar rose to a more than one-week high.

Treasury yields also rose after data showed U.S. consumer spending rose solidly in January and underlying inflation picked up by the most in four years. A report also showed U.S. gross domestic product growth in the fourth quarter was revised higher, to a 1.0 percent annual rate.

With equity markets off to a weak start in 2016 amid concerns about an economic slowdown, investors have been awaiting the Feds next policy move after the central bank raised rates in December.