Jul 06 2013

Data is indicating that the world’s biggest economy is getting improved as the dollar caught the strongest level in almost three years. Federal Reserve will begin to slow the unprecedented monetary policy as the speculation is increasing.

The currency of United States climbed against all 16 trading peers this week. The rate of unemployment fell down as more jobs added in the June than the forecast. Euro and Pound both currencies have experienced the decline against the dollar after the European Central Bank and The Bank of England stated that they will keep the rates at record lows. 

Rate Range Projection by Bank

 Next  Week     :    99.00 - 101.50

Next 3 Months  :    90.00 - 105.00