Treasury - Daily Forex for day 14.02.2006

The dollar advanced to five-week highs against the euro and Swiss franc in a technical trade on Friday paying little attention to U.S. trade report for December. The data showed a slightly higher-than-expected deficit of $65.7 billion in December, which brought the 2005 gap at a record of $725.8 billion. The 2005 deficit was up 17.5% from the previous year's $617 billion.

The crown climbed to a new record peak of 28.220 per euro earlier on Friday, pulled by an upbeat mood in the whole central European region. Later the crown retreated after remarks from CNB Governor Zdenek Tuma that the steep rise in the crown in the past two to three months was unwelcome and not beneficial for the economy.