Treasury - Daily Forex for day 02.01.2006

The U.S. dollar firmed against the euro on the last trading day of the 2005 year, with illiquid markets being driven by only a few players. Throughout 2005, the dollar posted its biggest gain against the euro since 1999 and its largest rise against the yen in at least 22 years.

The Czech crown ended the 2005 year at 29.00 per euro after firming moderately earlier on Friday. The market now awaits year-end budget data, which are expected to show much lower deficit than was originally planned.