Jul 11 2014

 

Rate Range Projection by Bank

Next week 101.50- 102.50

Next 3 months 100.00 - 105.00

The below is a topic from market news

 

 

Portugal is the latest thing to worry about, but it’s not big enough to really shake the market too bad,” Chris Gaffney, senior market strategist at Ever Bank Wealth Management in St. Louis, said in a phone interview. “Investors will look to the yen as safe haven.”The yen was little changed at 101.30 against the dollar at 5 p.m. in New York, having gained 0.7 percent this week, the most since the period ended April 11. The Japanese currency closed at 137.90 per euro after appreciating to 137.50 yesterday, the strongest since Feb. 6. The dollar was at $1.3608 per euro.

 

The yen rose against most of its 31 major peers as concern stress in Portugal’s banking sector may spread through the euro area prompted demand for safer assets. The dollar posted its biggest weekly loss versus the Japanese currency since April after minutes of the Federal Reserve’s June meeting failed to provide additional insight on the pace of rate increases. The Canadian dollar slumped after employment unexpectedly fell last month. South Korea’s won slid for a sixth day amid speculation the central bank will cut interest rates.