Treasury - Daily Forex for day 08.10.2004

...added in August. In addition, the dollar got a boost from hawkish comments from Federal Reserve Bank of St. Louis President William Poole, who said that the neutral level of interest rates might lie between 3 and 5%. Elsewhere, surging oil prices to fresh record highs lifted the dollar to a one-week peak against the yen due to Japan's sole dependence on oil imports.

The Czech crown jumped to 2-week peaks versus the euro earlier on Wednesday on the back of robust foreign trade figures, before getting rid of a part of its previous gains later in the session. August foreign trade balance showed a deficit of 2.4 billion crowns, the lowest gap for that month since 1995. Market expectations had been for a 3.8 billion crown shortfall.