Treasury - Daily Forex for day 28.11.2004

...pre-holiday trade, the U.S. currency also weakened to nine-year lows against the Swiss franc and 4-1/2 year lows versus the yen. Somewhat mixed results of U.S. economic data released yesterday did little to boost the dollar. The University of Michigan's final reading of its consumer confidence index was 92.8 in November, up from October's 91.7. However, the result came in below the average market forecast of 96.0 reading for November. In addition, U.S. durable goods orders dropped 0.4% in October.

The Czech crown was again flirting with the 31.00 per euro level yesterday, matching a two-year high of 30.98 reached on Friday before retreating. Against the broadly weaker dollar, the crown hit a new record high of around 23.50.