Treasury - Daily Forex for day 27.05.2004

The U.S. dollar remained under a selling pressure yesterday, with the markets wondering whether high oil prices would dampen U.S. economic recovery and discourage the Federal Reserve from raising interest rates. Neither economic data...

Finance.cz
Autor: Finance.cz

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...releases out of the U.S. helped the dollar. Durable goods orders declined by more-than-expected 2.9% in April, after an upwardly revised 5.7% jump in the previous month. Economists on average had predicted a 0.2% drop. U.S. new home sales slid 11.8% in April, compared with a record-high growth rate in March.

The Czech currency fell from its 8-month highs versus the euro on Wednesday after higher-than-expected foreign trade deficit weighed on the positive sentiment on the market. The April trade gap amounted to 10.8 billin crowns, while analysts had forecast a 5.0 billion shortfall. The Czech National Bank holds a monetary policy meeting today, but the market expects no hike in interest rates.

FX RATES
USD/CZK 26.075/105
USD/GBP 1.8234/38
EUR/CHF 1.5370/80
EUR/CZK 31.755/780
USD/YEN 111.33/38
EUR/GBP 0.6665/68
EUR/USD 1.2156/61
EUR/YEN 135.35/44
STOCK MARKETS
NIKKEI 11166.03 +13.94
EUROSTOXX 50 2729.62 +30.26
FTSE 100 4438.3 +20.3
DAX 30 3867.52 +39.45
DJ INDEX 10109.89 –7.73
NASDAQ 1976.15 +11.50
PX 50 770.2 +10.5
GOLD 391.70/+392.40 -

DEPOSIT RATES
 CZKUSDEURYEN
ON1.90-2.001.00-1.032.01-2.04---
3M2.10-2.201.26-1.292.05-2.08-0.06--0.01
6M2.23-2.331.53-1.562.11-2.14-0.04-0.01

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