Treasury - Daily Forex for day 10.11.2005

The U.S. currency hovered in a narrow band, near a two-year high versus the euro on Wednesday due to lack of any important economic data. The market is now awaiting U.S. foreign trade data to be released this afternoon. Economists expect the trade deficit to have balooned to a record $61 billion in September from $59 billion in the previous month.

Driven by poorer sentiment towards other central European currencies, the crown weakened against the euro yesterday.The market ignored September construction output data.