Treasury - Daily Forex for day 20.06.2006

The dollar firmed moderately against most major currencies on Friday after better-than-expected U.S. economic data further boosted expectations that the Federal Reserve would raise interest rates at the end of June. A University of Michigan consumer sentiment index surprisingly rose in June from May, while analysts had expected an unchanged reading. In addition, the U.S. current account deficit narrowed to $208.7 billion in Q1 from the previous quarter's $223.1 billion. Analysts had forecast a gap of $222.5 billion.

Large selling orders combined with thin Friday liquidity pulled the crown to a 1-1/2-month low versus the euro. The Czech currency also took a hit from falling Slovak crown ahead of country's general elections and Hungarian forint that suffered from Standard