Treasury - Daily Forex for day 16.07.2007

The dollar closed Friday's New York session almost flat against the euro, but remained within sight of its record lows. An unexpected fall in U.S. retail sales in June pulled the dollar to a fresh record low of $1.3815 against the euro and a new 26-year low against sterling, but a separate report showing surprisingly strong jump in U.S. consumer confidence helped the greenback erase most of its previous losses. The University of Michigan consumer confidence index surged to 92.4 in July, well above a median forecast of 86.0 and June's final reading of 85.3.

The Czech currency continued its advance to hit seven-week peaks against the euro and historic highs against the dollar as investors kept selling higher-yielding assets for safe-haven currencies.