Treasury - Daily Forex for day 24.06.2004

...Reserve's policy meeting on June 29-30. Fed's decision and the accompanying statement are expected to set the next direction for currencies' moves. Concerning today's data, traders will take a look at U.S. durable goods orders and weekly jobless claims. Economists forecast orders for durables to have risen 1.4% in May after a 3.2% fall in the prior month. Initial jobless claims are expected to edge up to 340,000 from previous 336,000.

The crown held in a tight range against the euro on Wednesday, ending the session flat from the previous close. Central bank is going to discuss monetary policy issues today, but no change in interest rates is expected.