The dollar showed muted reaction to a Federal Reserve decision to keep interest rates unchanged for the second consecutive meeting on Wednesday. As broadly expected, the bank left its overnight fed funds target at 5.25%, adding that inflation risk were moderating. The market looks now convinced that the U.S. rate tightening cycle definitely ended.
Following an early drop to EUR/CZK 28.510 on Wednesday, the crown rallied later in the day to close the session almost unchanged against its key reference currency. The economic data calendar is empty for this week.
FX RATES | |
USD/CZK | 22.395/425 |
USD/GBP | 1.8923/28 |
EUR/CHF | 1.5860/72 |
EUR/CZK | 28.460/490 |
USD/YEN | 117.08/13 |
EUR/GBP | 0.6711/16 |
EUR/USD | 1.2701/6 |
EUR/YEN | 148.73/82 |
STOCK MARKETS | ||
NIKKEI | 15834.23 | +115.56 |
EUROSTOXX 50 | 3841.31 | +61.13 |
FTSE 100 | 5866.2 | +34.4 |
DAX 30 | 5954.38 | +80.92 |
S&P 500 | 1325.18 | +6.87 |
NASDAQ | 2252.89 | +30.52 |
PX 50 | 1445.0 | -0.9 |
GOLD | 577.80/+578.80 | - |
DEPOSIT RATES | ||||
CZK | USD | EUR | YEN | |
ON | 1.95-2.05 | 5.23-5.26 | 3.01-3.04 | --- |
3M | 2.45-2.55 | 5.34-5.37 | 3.34-3.37 | 0.38-0.43 |
6M | 2.64-2.74 | 5.37-5.40 | 3.53-3.56 | 0.43-0.48 |