The dollar extended its gains verus the euro on Tuesday to hit a fresh nine-month highs as disappointing U.S. economic data did little to change the market's view that the Federal Reserve would continue to push interest rates higher. U.S. producer prices tumbled 0.6% in May, marking the largest drop in over two years and coming in well below a 0.2% decline expected by the market. Core PPI rose just 0.1%, below forecast of a 0.2% increase. Moreover, retail sales fell 0.5% in May, the biggest drop in nearly a year. Excluding the volatile car sector, the sales dipped 0.2%. The market had expected a 0.2% drop in overall sales and a 0.2% rise in ex-auto sales. Today, currency markets will focus on a slew of U.S. economic data including CPI data for May, capital flows data for April and industrial production figures for May.
Shadowing a rise in other currencies of neighbouring post-communist countries, the crown firmed moderately against the euro in yesterday's session. Today, the euro/crown rate was little changed after a report showing April retail sales rose 2.7% y-o-y, below market expectations of a 3.2% increase.
|
FX RATES |
| USD/CZK |
24.900/930 |
| USD/GBP |
1.8093/98 |
| EUR/CHF |
1.5368/76 |
| EUR/CZK |
29.985/5 |
| USD/YEN |
109.19/22 |
| EUR/GBP |
0.6655/58 |
| EUR/USD |
1.2041/44 |
| EUR/YEN |
131.45/57 |
|
STOCK MARKETS |
| NIKKEI |
11415.88 |
+79.96 |
| EUROSTOXX 50 |
3162.86 |
+3.03 |
| FTSE 100 |
5046.8 |
–3.6 |
| DAX 30 |
4591.69 |
–7.52 |
| S&P 500 |
1203.91 |
+3.09 |
| NASDAQ |
2069.04 |
+0.08 |
| PX 50 |
1193.8 |
–9.4 |
| GOLD |
426.50/+427.20 |
- |
| DEPOSIT RATES |
| | CZK | USD | EUR | YEN |
| ON | 1.65-1.75 | 3.05-3.08 | 2.06-2.09 | --- |
| 3M | 1.66-1.76 | 3.36-3.39 | 2.07-2.10 | -0.03-0.02 |
| 6M | 1.67-1.77 | 3.57-3.60 | 2.07-2.10 | -0.01-0.04 |
