Treasury - Daily Forex for day 07.08.2004

...index was 1.5% in June after May's downwardly revised 1.5%. Personal spending dropped 0.7% in June, well below forecasts, while personal income rose a mere 0.2%. Oil prices hit a new record, with U.S. prices exceeding $44 per barrel. This afternoon market players will look at reports on factory orders and durable goods. The Institute for Supply Management also releases its non-manufacturing index, which is expected to show a rise to 61.0 in July from previous month's 59.9.

Bearish investors' sentiment towards the CEE region hit the crown yesterday. The currency lost nearly a third of a percent versus the euro on the day to close the session at 31.78.