Treasury - Daily Forex for day 18.08.2004

...enough foreign capital in June to fund the deficit on the current account. Net capital inflows amounted to $71.8 billion, up from an upwardly revised $65.2 billion in May. Despite the mild appreciation of the dollar, the sentiment towards the currency remains bearish given recent disappointing reports on job creation and the economic growth. The investors' focus now turns to U.S. consumer prices and industrial production for July, both due this afternoon.

The Czech unit was little moved yesterday, ending the session flat versus the euro.