Treasury - Daily Forex for day 05.04.2004

...2000. Economists had forecast a 103,000 rise. In addition, the report showed that the U.S. economy had created much more jobs in the previous two months than initially reported. Less importantly, the jobless rate rose to 5.7% from February's 5.6%. Strong U.S. jobs data suggested the economy might recover faster than expected and led many economists anticipate an earlier hike in U.S. interest rates. By contrast, producer prices in the euro zone rose just 0.1% m-o-m and were unchanged y-o-y in February, signalling inflation pressures in Europe were very low.

The Czech crown dipped against the euro in a calm trading on Friday. This week, market participants will be concentrating on Tuesday's minutes of last month's CNB policy meeting and March CPI and February industrial output data due on Thursday.