Treasury - Daily Forex for day 27.02.2007

The dollar remained under pressure on Monday, with investors awaiting a large portion of U.S. economic data due later this week, which could raise speculations that the Fed will cut interest rates later this year. Analysts are expecting a soft report on durable goods orders for January and a sharp downward revision to fourth-quarter GDP growth figures.

The crown proves to be the biggest loser among central European currency this year, sheding some 3.3% versus the euro since the start of this year. Yesterday it hit a five-month low of 28.43 per euro, in part knocked lower by deteriorated sentiment in the region.