The dollar resumed its drop against the euro on Tuesday, a day after posting its largest one-day gains against the single currency in more than a year, as rebounding equity markets raised investors' risk appetite. Moreover, markets seem to have started worrying of further bad news from the U.S. housing sector. Existing home sales are to be released this afternoon, and sales of new homes are due on Thursday. Negative readings could prompt the Fed to cut interest rates next week.
The crown traded within sight of its record highs against the euro yesterday, with the market focusing on Thursday's central bank monetary policy meeting. Most market analysts expect the bank to keep interest rates unchanged due mainly to the crown's strength.
FX RATES | |
USD/CZK | 19.070/100 |
USD/GBP | 2.0463/66 |
EUR/CHF | 1.6714/22 |
EUR/CZK | 27.150/180 |
USD/YEN | 114.37/40 |
EUR/GBP | 0.6957/59 |
EUR/USD | 1.4238/39 |
EUR/YEN | 162.89/95 |
STOCK MARKETS | ||
NIKKEI | 16358.39 | -92.19 |
EUROSTOXX 50 | 4378.42 | +22.18 |
FTSE 100 | 6514.0 | +54.7 |
DAX 30 | 7842.79 | +47.85 |
S&P 500 | 1519.59 | +13.26 |
NASDAQ | 2799.26 | +45.33 |
PX 50 | 1867.6 | +19.2 |
GOLD | 757.10/+757.90 | - |
DEPOSIT RATES | ||||
CZK | USD | EUR | YEN | |
ON | 3.10-3.20 | 4.72-4.82 | 4.00-4.05 | --- |
3M | 3.47-3.57 | 5.00-5.10 | 4.57-4.62 | 0.90-1.00 |
6M | 3.54-3.64 | 4.85-4.95 | 4.53-4.58 | 0.93-1.03 |