Treasury - Daily Forex for day 05.06.2004

...added in the previous month. The unemployment rate is forecast to remain flat at 5.6%. Yesterday's U.S. economic data did little to set the direction to the dollar. Service sector data for May and April factory orders came in weaker-than-expected, while first-quarter labour productivity was revised upwards. The euro was also little changed after the European Central Bank kept interest rates steady at 2%, as widely expected. The dollar, however, posted some gains aganst the yen early Thursday due to sharp losses in Japanese equities suffering from high oil prices.

The Czech crown climbed to near one-year peaks versus its key reference currency on Thursday, extending its previous gains on the back of speculations that the CNB would hike interest rates soon.