The U.S. dollar retreated from multi-month highs against other major currencies on Wednesday after U.S. capital flows data lagged well behind expectations. Net capital inflows totalled $47.4 billion in April, which was not enough to cover the trade deficit worth of $57 billion for that month. The market had forecast net inflows of $60.0 billion. Adding to the dollar's slide, U.S. consumer prices report came in softer-than-expected, throwing doubts on further interest rate tightening by the Fed. The headline CPI dipped 0.1% in May, the first drop in 10 months, while the market had predicted a flat reading after the April's 0.5% increase. Ex-food and energy price index rose 0.1% last month, less than a 0.2% increase expected by the market. Finally, U.S. industrial production rose by higher-than-expected 0.4% in May, recovering from a 0.3% decline in April.
The crown closed Wednesday's trade a touch weaker against the euro, at around 30.0 after hitting an intraday high of 29.885. The late retreat was attributed to the single currency's firming against the dollar.
|
FX RATES |
| USD/CZK |
24.815/845 |
| USD/GBP |
1.8210/14 |
| EUR/CHF |
1.5383/93 |
| EUR/CZK |
29.990/20 |
| USD/YEN |
109.28/31 |
| EUR/GBP |
0.6634/38 |
| EUR/USD |
1.2085/87 |
| EUR/YEN |
132.03/14 |
|
STOCK MARKETS |
| NIKKEI |
11416.38 |
+0.50 |
| EUROSTOXX 50 |
3147.55 |
–15.31 |
| FTSE 100 |
5019.5 |
–27.3 |
| DAX 30 |
4548.42 |
–43.27 |
| S&P 500 |
1206.58 |
+2.67 |
| NASDAQ |
2074.92 |
+5.88 |
| PX 50 |
1196.8 |
+3.0 |
| GOLD |
429.35/+429.85 |
- |
| DEPOSIT RATES |
| | CZK | USD | EUR | YEN |
| ON | 1.65-1.75 | 2.99-3.02 | 2.05-2.08 | --- |
| 3M | 1.66-1.76 | 3.38-3.41 | 2.08-2.11 | -0.03-0.02 |
| 6M | 1.67-1.77 | 3.58-3.61 | 2.08-2.11 | -0.01-0.04 |
