Jan 23 2015

Rate Range Projection by Bank

 Next week 117.50- 120.50

Next 3 months 112.00 - 125.00

 

As U.S. Treasury secretary said a strong dollar is “good for America” before the Federal Reserve meets next week. The greenback headed for its highest close on record as theThe shared currency was set for a sixth weekly decline as Greeks readied to vote Sunday. Traders boosted wagers against the euro to the highest since June 2012. The yen rose as the Bank of Japan signaled it will look at fresh stimulus options. Australia’s dollar fell to the lowest since 2009. Lennon Sweeting, a San Francisco-based dealer at the broker and payment provider USForex Inc, said by phone from Toronto, “This is just the beginning for Europe,”so I don’t think it would be any sort of massive surprise if we did hear a year-and-a-half down the road that there’s going to be QE2.” as this kind of program tends to get extended.