Treasury - Daily Forex for day 31.08.2004

...yesterday, with personal spending in July rising faster-than-expected, while July's income growth lagging forecasts. U.S. personal consumption rose 0.8%, a bit above a 0.7% growth expected. On the other hand, U.S. personal income grew just 0.1%, while economists had expected 0.5% increase. Indicating that the U.S. inflation was well under control, both the price indexes for consumer purchases and core prices were flat last month. The key report this week will be Friday's data on U.S. non-farm payrolls. Analysts predict the economy created 160,000 new jobs in August, up from a 32,000 gain in the previous month.

Mirroring moves of other currencies in the region, the crown fell against the euro on Monday. The Czech unit stood at around 31.90 to the euro at the end of yesterday's trading, down from 31.83 at the open.