Treasury - Daily Forex for day 15.06.2004

...expectations of a $45.0 billion shortfall. The poor trade report overshadowed slightly better-than-expected U.S. retail sales data. The sales were up 1.2% in May, while the economists had predicted a 1.0% increase. Today, currency traders will take a look at May consumer price index, which is expected to post a rise of 0.4% after a 0.2% increase in April. Higher inflation would probably prompt the Fed to tighten policy more aggressively at the end of June, pushing the dollar higher. Other data due later today include the University of Michigan's consumer sentiment index and Treasury Department's report on U.S. asset flows.

The Czech crown lost ground against the euro on Monday afternoon in a delayed reaction to the defeat of governing coalition parties in the weekend's European assembly election. The failure made Prime Minister Vladimir Spidla call a vote of confidence within his leftist CSSD party.