The dollar rallied against the euro on Wednesday in a technical correction ahead of today's European Central Bank policy meeting. The bank is broadly expected to raise interest rates by a quarter of a percentage point to 3%, the highest level since November 2002. But investors will be even more focused on the post meeting statement and news conference held by ECB's President Jean-Claude Trichet. On the data front, the market will be interested in Friday's U.S. employment report, which is expected to show an increase of 142,000 in the number of non-farm jobs in July, up from June's 121,000.
The crown was flat versus the euro for the whole day yesterday as the market lacked any market-moving news or data.
FX RATES | |
USD/CZK | 22.290/320 |
USD/GBP | 1.8764/67 |
EUR/CHF | 1.5737/46 |
EUR/CZK | 28.470/510 |
USD/YEN | 114.71/74 |
EUR/GBP | 0.6800/4 |
EUR/USD | 1.2763/65 |
EUR/YEN | 146.40/45 |
STOCK MARKETS | ||
NIKKEI | 15470.37 | +6.08 |
EUROSTOXX 50 | 3696.35 | +55.75 |
FTSE 100 | 5932.1 | +51.3 |
DAX 30 | 5680.82 | +84.08 |
S&P 500 | 1278.55 | +7.63 |
NASDAQ | 2078.81 | +16.82 |
PX 50 | 1434.4 | +5.5 |
GOLD | 650.00/+651.50 | - |
DEPOSIT RATES | ||||
CZK | USD | EUR | YEN | |
ON | 2.15-2.25 | 5.24-5.27 | 2.75-2.78 | --- |
3M | 2.27-2.37 | 5.43-5.46 | 3.15-3.18 | 0.36-0.41 |
6M | 2.43-2.53 | 5.48-5.51 | 3.31-3.34 | 0.44-0.49 |