Treasury - Daily Forex for day 26.06.2007

The U.S. dollar slid from a 4-1/2-year high versus the yen on Monday undermined by a drop in U.S. equities. The euro followed suit retreating from a record peak of 166.94 yen hit in the previous session. However, the euro was little changed against the dollar ahead of a two-day Federal Reserve poliy meeting and a lot of fresh U.S. economic data later this week. The Fed is broadly expected to leave interest rates unchanged at 5.25%.

The crown traded near its 15-month low against the euro on Monday, weighed down by a sizable interest rate disadvantage and a bearish mood on other central European currency markets.