Treasury - Daily Forex for day 31.03.2006

31.03.2006 | , Živnostenská Banka
INVESTICE


With no important economic data released yesterday, the market's attention turned to the FOMC meeting, whose outcome will be known later today. Nobody expect other result than a 25 basis point interest rate hike, which will lift the benchmark fed funds rate to 4.75%. More importantly, investors will pay close attention to Fed's statement for clues about possible further hikes beyond 4.75%. On FX front, the dollar firmed slightly against the euro yesterday, but fell to one-week lows versus the yen as Japanese investors repatriated profits before the end of Japan's fiscal year on March 31.

The Czech unit showed muted reaction to the decision of South Korea carmaker Hyundai on Monday to invest up to EUR 1bln into a new plant in the Czech Republic. The crown closed the session almost flat versus the euro.

FX RATES
USD/CZK 23.870/900
USD/GBP 1.7459/65
EUR/CHF 1.5725/32
EUR/CZK 28.670/700
USD/YEN 117.00/3
EUR/GBP 0.6877/81
EUR/USD 1.2008/11
EUR/YEN 140.51/58
STOCK MARKETS
NIKKEI 16690.24 +40.14
EUROSTOXX 50 3827.93 -42.96
FTSE 100 5972.2 -64.1
DAX 30 5912.26 -60.88
S&P 500 1301.61 -1.34
NASDAQ 2315.58 +2.76
PX 50 1535.7 -2.8
GOLD 566.50/+567.40 -

DEPOSIT RATES
  CZK USD EUR YEN
ON 1.88-1.98 4.74-4.77 2.56-2.59 ---
3M 1.99-2.09 4.91-4.94 2.71-2.74 0.06-0.11
6M 2.07-2.17 5.03-5.06 2.88-2.91 0.12-0.17

Autor článku

Patrik Rožumberský

Články ze sekce: INVESTICE