Treasury - Daily Forex for day 24.08.2004

...U.S. currency also received some support from comments by Dallas Federal Reserve Bank President Robert Mc Teer who expressed confidence about further economic expansion in the U.S. There will be no important U.S. economic figures due until Wednesday, when July durable goods orders will be published. Analysts expect a 1.0% increase in orders after their 0.9% rise in June.

The Czech crown rebounded from near three-week lows against the euro hit earlier on Monday to close the trade almost flat. The market seems to be a little nervous ahead of a parliamentary confidence vote in the government this afternoon.