Treasury - Daily Forex for day 22.05.2006

The dollar regained some ground on Friday, helped by a fall in commodities and a rally in long-dated U.S. Treasuries. The yen came under increased pressure after Bank of Japan Governor Toshihiko Fukui suggested that the bank would not rush to raise interest rates, which have held at near-zero levels for years.

After a jump in early trade on Friday, the crown held largely stable against the euro for most of the session. The key event this week will be central bank's policy meeting on Thursday. The market expects no change in interest rates.