Treasury - Daily Forex for day 22.04.2004

...mitigating market speculation about an early hike in U.S. interest rates. In late New York trade, the dollar regained ground on the optimistic assessment of the U.S. economy from the Fed's "beige book" report and remarks from San Francisco Fed President Robert Parry that he saw significant policy tightening ahead. Moreover, the International Monetary Fund raised its forecast for the global GDP growth in 2004 to 4.6% from previous 4.1%, with the U.S. economy leading the rebound.

The Czech currency recovered from an early dip, closing the Wednesday's trade on the stronger side of the 32.50 per euro level. The market seems to have bet on the parliament's approval of a key value added tax bill discussed in the lower house later today.