The U.S. dollar fell sharply versus the euro on Thursday after a report showed that regional business conditions posted the first negative reading since April 2003, supporting expectations the Federal Reserve would not raise interest rates in the rest of 2006. The Philadelphia Federal Reserve index tumbled to -0.4 in September from August's 18.5. The market had forecast a more moderate drop.
Similarly to Wednesday's trading, the crown recovered from an early dip against the euro yesterday to end the session flat.
FX RATES | |
USD/CZK | 22.245/275 |
USD/GBP | 1.9027/29 |
EUR/CHF | 1.5886/92 |
EUR/CZK | 28.465/495 |
USD/YEN | 116.49/51 |
EUR/GBP | 0.6726/28 |
EUR/USD | 1.2796/99 |
EUR/YEN | 149.11/17 |
STOCK MARKETS | ||
NIKKEI | 15634.67 | -199.56 |
EUROSTOXX 50 | 3857.14 | +15.83 |
FTSE 100 | 5896.7 | +30.5 |
DAX 30 | 5962.03 | +7.65 |
S&P 500 | 1318.03 | -7.15 |
NASDAQ | 2237.75 | -15.14 |
PX 50 | 1431.1 | -13.9 |
GOLD | 587.40/+588.40 | - |
DEPOSIT RATES | ||||
CZK | USD | EUR | YEN | |
ON | 1.35-1.45 | 5.22-5.25 | 3.00-3.03 | --- |
3M | 2.46-2.56 | 5.32-5.35 | 3.35-3.38 | 0.37-0.42 |
6M | 2.74-2.84 | 5.32-5.35 | 3.51-3.54 | 0.42-0.47 |