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Aug 08 2014

Rate Range Projection by Bank 

Next week 101.00- 102.50
Next 3 months 100.00 - 105.00
 

The below is a topic from market news


China’s yuan rose for a fifth day as better-than-projected export growth contributed to a record trade surplus. The Swiss franc rallied the most in two months.“There’s some risk aversion -- the yen and Swiss franc are doing well,” Eric Viloria, a strategist at Wells Fargo & Co. in New York, said in a phone interview. “It’s adding some uncertainties, it tends to have more short-term impact. Overall economic trends and outlook on monetary policies are still going to dominate the foreign-exchange market.”

 

The yen posted the best weekly advance in almost a month versus the dollar after American warplanes struck against militants in Iraq, pulling the U.S. back into a conflict and adding to the allure of haven assets. Japan’s currency pared gains today after Russia’s Defense Ministry said its warplanes ended drills in the region near Ukraine. The Canadian dollar declined for a second day as slower-than-forecast jobs growth signaled the economy is losing momentum. 




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