Nov 26 2016

Rate Range Projection by Bank

Next week 112.50 – 114.50

Next 3 months 105.00 - 116.00

The dollar slid against major rivals on Friday as investors took advantage of a minor pullback in U.S. bond yields from recent highs and a holiday-shortened week to consolidate gains that had propelled the currency to a nearly 14-year peak

Expectations of higher U.S. inflation and interest rate hikes by the Federal Reserve have driven the greenback to a more than 6 percent gain in the last two months, its strongest showing over a similar period since early 2015

Most currency players expect the gains to continue. But the combination of the U.S. Thanksgiving holiday, the processing of corporate flows before the month-end and perceived risks looming for markets in the first half of December led some to cash in gains now