Treasury - Daily Forex for day 26.07.2006

The dollar rose against other currencies yesterday after U.S. consumer confidence and home sales came in above market expectations. The Conference Board reported its index of consumer sentiment increased in July from June, beating forecast of a mild drop. U.S. sales of existing home dipped in June, but by less than market had expected. Going forward, markets will focus on U.S. durable goods orders and an advance reading of second quarter GDP growth in the U.S.

The Czech currency appreciated moderately against the euro on Tuesday, with the market awaiting Thursday policy meeting of the Czech central bank which is expected to lift interest rates by 25 basis points.