Aug 15 2014
Ukraine Reports Convoy Attack: Japanese Yen Profits With Swiss Franc
Rate Range Projection by Bank
Next week 101.00- 102.50
Next 3 months 100.00 - 105.00
Emerging-market currencies tumbled as Russia said Ukraine’s statements on the armed convoy amount to “provocation” and are part of an “information war.” The yen and Swiss franc gained on haven demand after Ukraine said its troops attacked and destroyed part of a military column that entered country from Russia. Malaysia’s ringgit reached the strongest in nine months after economic growth sped to the fastest pace in six quarters. U.S. Treasuries rose. The dollar touched a two-week low after a report showed manufacturing in the New York region fell more than forecast.