The dollar tumbled to fresh all-time lows against the euro this morning as fresh economic data out of the U.S. suggested that the Federal Reserve will highly likely cut interest rates when it meets on Oct. 30-31. Durable goods orders unexpectedly fell in September, and a mom rise in new home sales last month could only be attributed to a sharp downward revision of the August's reading.
The Czech crown surged to a new record high of 27.03 to the euro on Thursday, shrugging off the CNB's decision to keep interest rates flat for a second consecutive month. The bank's Board voted 5-2 to hold the key 2-week repo rate at 3.25%, as expected, but signalled that policy tightening could come soon.
FX RATES | |
USD/CZK | 18.810/840 |
USD/GBP | 2.0542/45 |
EUR/CHF | 1.6707/14 |
EUR/CZK | 27.015/45 |
USD/YEN | 114.37/42 |
EUR/GBP | 0.6988/90 |
EUR/USD | 1.4356/58 |
EUR/YEN | 164.28/33 |
STOCK MARKETS | ||
NIKKEI | 16505.63 | +221.46 |
EUROSTOXX 50 | 4412.12 | +54.98 |
FTSE 100 | 6576.3 | +94.3 |
DAX 30 | 7932.44 | +103.48 |
S&P 500 | 1514.40 | -1.48 |
NASDAQ | 2750.86 | -23.90 |
PX 50 | 1884.6 | +12.0 |
GOLD | 776.50/+777.25 | - |
DEPOSIT RATES | ||||
CZK | USD | EUR | YEN | |
ON | 3.00-3.10 | 4.70-4.80 | 3.99-4.04 | --- |
3M | 3.47-3.57 | 4.92-5.02 | 4.55-4.60 | 0.83-0.93 |
6M | 3.54-3.64 | 4.80-4.90 | 4.54-4.59 | 0.93-1.03 |