The European Central Bank left interest rates unchanged, as expected, yesterday, but the surprising remark from ECB's President Jean-Claude Trichet after the meeting prompted hefty euro selling. The European single currency fell from a seven-month peak of $1.2323 against the dollar hit earlier in the day following Trichet's comment that market expectations for a May euro zone interest rate hike were not in line with ECB's thinking. Looking ahead, the market will pay close attention to the March U.S. nonfarm payrolls report due this afternoon. The consensus forecast is for an increase of 190,000 jobs.
The crown erased early losses against the euro on Thursday and closed the trade barely changed on the day.
FX RATES | |
USD/CZK | 23.390/420 |
USD/GBP | 1.7515/20 |
EUR/CHF | 1.5769/75 |
EUR/CZK | 28.530/550 |
USD/YEN | 117.77/78 |
EUR/GBP | 0.6963/66 |
EUR/USD | 1.2195/99 |
EUR/YEN | 143.62/72 |
STOCK MARKETS | ||
NIKKEI | 17563.37 | +74.04 |
EUROSTOXX 50 | 3861.29 | -2.63 |
FTSE 100 | 6045.7 | +1.6 |
DAX 30 | 6031.39 | +2.19 |
S&P 500 | 1309.04 | -2.52 |
NASDAQ | 2361.17 | +1.42 |
PX 50 | 1546.4 | +7.7 |
GOLD | 596.40/+597.30 | - |
DEPOSIT RATES | ||||
CZK | USD | EUR | YEN | |
ON | 1.90-2.00 | 4.75-4.78 | 2.64-2.67 | --- |
3M | 2.00-2.10 | 4.98-5.01 | 2.73-2.76 | 0.06-0.11 |
6M | 2.10-2.20 | 5.13-5.16 | 2.88-2.91 | 0.14-0.19 |