Treasury - Daily Forex for day 12.07.2004

...after the ruling coalition has managed to keep its majority in the upper house, enabling Koizumi to continue pushing through further economic reforms. But the dollar was barely changed against the euro, with market players awaiting a slate of important U.S. economic data due this week, including reports on the trade balance, net capital inflows, producer prices and consumer prices.

The Czech crown ended Friday's trade slightly firmer against the euro, after recovering from an early drop. June CPI came in at 0.2% m-o-m and 2.9% y-o-y, in line with expectations. Unemployment was unchanged in June, at 9.9%, matching forecasts.