On Friday in European trading the single currency lost a part of its gains against the dollar. According to some opinions the dollar strengthened due to drop of crude oil prices, nevertheless it might cause profit taking. On the contrary in American trading the euro appreciated from 1.2287 to 1.2319. Today no fundamental important data are released and we expect the rate EUR/USD between 1.2260 and 1.2350.
ČSOB - Investment Research