The U.S. dollar rebounded from two-week lows against the euro and the yen late Friday due mainly to profit-taking. Earlier, the dollar came under selling pressure after Fed Governor Ben Bernanke's statement showed that U.S. central bank's...
...interest rate hikes should be modest. This disappointed some traders, who had anticipated the Federal Reserve to raise rates agressively. As there was no important economic data in the U.S. on Friday, market players turned their attention to a weekend meeting of G7 finance ministers in New York and an informal gathering of OPEC ministers in Amsterdam. Most recently, Saudi Arabia reported it was increasing its oil output to boost global oil supply.
Foreign banks' euro-sell orders sent the crown to a new six-month peak of 31.750 versus the single currency on Friday. Prospects for higher Czech interest rate also provided impetus to the crown's rally.
FX RATES |
USD/CZK |
26.600/630 |
USD/GBP |
1.7841/45 |
EUR/CHF |
1.5361/71 |
EUR/CZK |
31.760/790 |
USD/YEN |
112.58/63 |
EUR/GBP |
0.6692/95 |
EUR/USD |
1.1943/48 |
EUR/YEN |
134.47/56 |
STOCK MARKETS |
NIKKEI |
11101.64 |
+31.39 |
EUROSTOXX 50 |
2697.46 |
–11.09 |
FTSE 100 |
4431.4 |
+2.7 |
DAX 30 |
3831.84 |
–7.48 |
DJ INDEX |
9966.74 |
+29.10 |
NASDAQ |
1912.09 |
+15.50 |
PX 50 |
759.0 |
–1.7 |
GOLD |
383.85/+384.35 |
- |
DEPOSIT RATES |
|
CZK |
USD |
EUR |
YEN |
ON |
1.90-2.00 |
0.99-1.02 |
2.00-2.03 |
--- |
3M |
2.07-2.17 |
1.22-1.25 |
2.06-2.09 |
-0.07--0.02 |
6M |
2.21-2.31 |
1.54-1.57 |
2.12-2.15 |
-0.05---- |