Treasury - Daily Forex for day 19.02.2006

The dollar was little changed against the euro on Thursday, with the currency market taking little notice of U.S. data released. The Philadephia Federal Reserve Bank's survey of business conditions showed the activity index jumped to 15.4 in February from a 3.3 reading in January, while U.S. housing starts surged 14.5% in January to their highest level in nearly 33 years at a 2.276 million-unit annual rate. In a second day of congressional testimony, Fed's Chairman Ben Bernanke reiterated his positive view on U.S. economic prospects.

The crown continued to firm to within sight of its record highs versus the euro yesterday before retreating later in the session.