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Jul 25 2014

Rate Range Projection by Bank 

Next week 101.40- 102.20

Next 3 months 100.00 - 105.00 

The below is a topic from market news


A gauge of the dollar rose to the highest level in a more than month amid signs the U.S. economy, beset by years of sluggish growth, is outperforming its major peers. The Bloomberg Dollar Spot Index posted a second weekly gain before reports next week that analysts said will show the world’s biggest economy expanded in the second quarter and employers boosted payrolls.

 

The dollar held earlier gains as demand for all U.S. durable goods -- items meant to last at least three years -- increased 0.7 percent versus a median forecast of 0.5 percent in a Bloomberg survey of 82 economists. The May reading was revised to show a 1 percent drop.Non-defense capital goods shipments excluding aircraft fell 1 percent and the May figure was revised to minus 0.1 percent.“The durable goods report wasn’t really as good as everybody was hoping to see.” Sireen Harajli, a strategist at Mizuho Bank Ltd. in New York, said by phone. “The non-defense capital goods excluding aircraft, that measure is a proxy for future business investment spending, and that fell 1 percent and last month’s figure was revised lower. That would indicate that business investment going forward may be on the softer side.


The euro fell to the lowest since November versus the dollar after a measure of German business confidence declined more than economists forecast in July. Sweden’s krona touched a three-week high versus the euro as a report showed retail sales increased.“The U.S. dollar doesn’t necessarily move first off of data,” Neil Azous, founder of Stamford, Connecticut-based research firm Rareview Macro LLC, said in a phone interview. “It’s certainly becoming part of the equation because if the data is weaker in Europe and it’s stronger in the U.S., the euro deteriorates. And that matters to the interest-rate differential story.






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