Treasury - Daily Forex for day 06.11.2006

Friday's U.S. jobs report reversed much of the dollar's losses made earlier last week. The Labour Department said that job creation was much stronger than originally reported in August and September, offsetting a softer-than-expected October figure. August's non-farm payrolls data was revised to an increase of 230,000 jobs from 188,000, while September's payrolls were upgraded to 148,000 from previously reported 51,000. In October, the economy created 92,000 jobs, but analysts had expected a gain of 125,000 jobs. The unemployment rate surprisingly fell to 4.4% last month, the lowest since May 2001, from 4.6% in September. Adding to the bullish sentiment toward the dollar, the Institute for Supply Management reported the index measuring activity in the U.S. service sector jumped to 57.1 in October from September's 52.9. The market had forecast an increase to just 54.5.

The Czech crown was stronger against the euro on Friday, firming hand in hand with the Slovak crown and the Polish zloty. In early Friday's trade, the crown got a boost from better-than-expected foreign trade data. The report showed a 7.5 billion crown surplus for September, while the market had forecast a surplus of just 5 billion crowns.