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Sep 05 2014

Dollar reaches at highest value in comparison of the Yen

Rate Range Projection by Bank

Next week 105.00- 108.00

Next 3 months 103.00 - 110.00


The euro erased a ninth weekly loss after Standard & Poor’s raised Greece’s credit rating, while Brazil’s real had the worst week in a year. The ruble slid as the European Union and U.S. widened sanctions against Russia.“Data in the U.S. has been coming in stronger, and they point to a continuation of recovery,” Sireen Harajli, a Mizuho Bank Ltd. strategist in New York, said in a phone interview. “Dollar bulls are finally being vindicated as the markets are pricing in a more hawkish tone by the Fed.”


The dollar advanced to a six-year high against the yen as a report showed U.S. retail sales rose the most in four months in August, adding to the case for the Federal Reserve to increase interest rates. The U.S. currency rose versus most major peers this week amid bets the Fed may accelerate its forecast for rate increases at a meeting next week and revamp rate guidance. 

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