Jan 16 2015

                                                              Rate Range Projection by Bank
                                                              Next week 114.50- 117.00
                                                              Next 3 months 112.00 - 125.00

 

Since July 2012 euro posted its biggest weekly loss versus the yen, reported by the Spiegel magazine and the European Central Bank President Mario Draghi briefed German officials on a sovereign-bond-buying plan.

U.S. consumer confidence rose to highest since 2004 as the dollar made a five-day decline against Japan’s currency after data showed to U.S. Even Brazil’s real led gains among major currencies. Foreign exchange climbed to the highest in more than a year.

In a phone interview Greg Anderson, Bank of Montreal’s global head of foreign-exchange strategy, said “It’s just part of the dollar story -- the alternatives don’t look attractive,” and “Yesterday cemented in everyone’s mind that the ECB’s going to be aggressive next week.”