...for Q3 due on Thursday is expected to show the deficit of $170 billion, up from $166.2 billion in Q2. Moreover, Tuesday's data on the U.S. international trade is expected to show a shortfall of $53.0 billion in October, widening from September's $51.56 billion. By contrast, the Federal Reserve is widely expected to raise interest rates for a fifth time this year on Tuesday. The key fed fund rate would therefore be lifted to 2.25%, above the euro zone's 2% level for the first time in over three years. Earlier on Monday, the dollar got a short-term support from higher-than-expected U.S. retail sales figure for November.
The Czech crown surged to a new two-year peak of around 30.500 to the euro yesterday after news that Central European Media Enterprises agreed to buy TV Nova for $642 million. Earlier in the day, the balance of payments figures for October showed a smaller-than-expected 12.9 billion crown gap, providing an impulse for the crown's firming. This morning, the currency shrugged off a report showing industrial producer prices were steady in November from October, while the market had forecast a 0.1% monthly rise in PPI.
|
FX RATES |
| USD/CZK |
23.055/80 |
| USD/GBP |
1.9228/30 |
| EUR/CHF |
1.5359/72 |
| EUR/CZK |
30.630/680 |
| USD/YEN |
104.81/87 |
| EUR/GBP |
0.6915/18 |
| EUR/USD |
1.3301/5 |
| EUR/YEN |
139.45/50 |
|
STOCK MARKETS |
| NIKKEI |
10915.58 |
+126.33 |
| EUROSTOXX 50 |
2928.43 |
+24.47 |
| FTSE 100 |
4736.8 |
+42.8 |
| DAX 30 |
4219.24 |
+44.69 |
| DJ INDEX |
10638.32 |
+95.10 |
| NASDAQ |
2148.50 |
+20.43 |
| PX 50 |
994.0 |
+1.9 |
| GOLD |
438.70/+439.50 |
- |
| DEPOSIT RATES |
| | CZK | USD | EUR | YEN |
| ON | 2.40-2.50 | 2.24-2.27 | 2.09-2.12 | --- |
| 3M | 2.46-2.56 | 2.44-2.47 | 2.14-2.17 | -0.04-0.01 |
| 6M | 2.57-2.67 | 2.64-2.67 | 2.15-2.18 | -0.02-0.03 |
