The U.S. dollar tumbled against the euro yesterday after German Ifo research institute reported the business climate index showed a smaller-than-expected fall to 105.0 in August. In New York trade, news of a 4.3% drop in new home sales in July failed to spark more dollar selling as the market proved overbought in euros. Moreover, the dollar was helped by a separate report that showed U.S. durable goods orders excluding the transportation category rose a stronger-than-expected 0.5% in July.
The crown dipped against the euro on Thursday after the leftist Social Democrats said they ended talks with Prime Minister Mirek Topolanek on supporting his minority cabinet and instead began negotiations with the centrist Christian Democrats on forming a central-left cabinet. Such a cabinet backed by the Communists would be the worst-case scenario for the country's economic prospects as progress in reforms would most likely stall.
FX RATES | |
USD/CZK | 22.080/110 |
USD/GBP | 1.8850/55 |
EUR/CHF | 1.5812/21 |
EUR/CZK | 28.190/220 |
USD/YEN | 117.19/21 |
EUR/GBP | 0.6771/75 |
EUR/USD | 1.2765/68 |
EUR/YEN | 149.63/68 |
STOCK MARKETS | ||
NIKKEI | 15938.66 | -21.96 |
EUROSTOXX 50 | 3781.87 | +22.89 |
FTSE 100 | 5869.1 | +9.1 |
DAX 30 | 5814.08 | +38.54 |
S&P 500 | 1296.06 | +3.07 |
NASDAQ | 2137.11 | +2.45 |
PX 50 | 1431.1 | +4.2 |
GOLD | 621.40/+622.90 | - |
DEPOSIT RATES | ||||
CZK | USD | EUR | YEN | |
ON | 2.15-2.25 | 5.23-5.26 | 3.00-3.03 | --- |
3M | 2.25-2.35 | 5.35-5.38 | 3.22-3.25 | 0.36-0.41 |
6M | 2.39-2.49 | 5.41-5.44 | 3.40-3.43 | 0.38-0.43 |