The U.S. dollar turned weaker against the euro on Thursday after the European Central Bank indicated it may continue to tighten monetary policy. Even though the ECB left its benchmark interest rate steady at 4%, as expected, bank's President Jean-Claude Trichet stated that the policy stance had not changed to neutral as the bank was still concerned with inflation. Earlier, the Bank of England also kept interest rates unchanged, in line with expectations. The currency market also seemed nervous ahead of a closely-watched U.S. non-farm payrolls report due this afternoon. The data should provide clues for shaping up of expectations for the next Federal Reserve's action.
The Czech currency traded in a tight range against the euro yesterday, lacking any impulses.
FX RATES | |
USD/CZK | 19.500/520 |
USD/GBP | 2.0365/70 |
EUR/CHF | 1.6609/16 |
EUR/CZK | 27.530/560 |
USD/YEN | 116.53/54 |
EUR/GBP | 0.6932/35 |
EUR/USD | 1.4121/24 |
EUR/YEN | 164.56/65 |
STOCK MARKETS | ||
NIKKEI | 17065.04 | -27.45 |
EUROSTOXX 50 | 4420.39 | -1.19 |
FTSE 100 | 6547.9 | +12.7 |
DAX 30 | 7944.99 | -10.31 |
S&P 500 | 1542.84 | +3.25 |
NASDAQ | 2733.57 | +4.14 |
PX 50 | 1862.7 | +27.6 |
GOLD | 735.70/+736.50 | - |
DEPOSIT RATES | ||||
CZK | USD | EUR | YEN | |
ON | 3.18-3.28 | 4.75-4.85 | 3.75-3.85 | --- |
3M | 3.42-3.52 | 5.30-5.40 | 4.74-4.79 | 1.00-1.10 |
6M | 3.53-3.63 | 5.14-5.24 | 4.67-4.72 | 1.04-1.14 |