On Monday the rate EUR/USD kept its Friday's limits and successfully flashed back any significant movement attempts. No important data were released yesterday and the market still reacted to labor data offset by rate increase expectations. At the end the rate movements were minimal, the currency pair EUR/USD after morning 1.2272 closed at 1.2274 in Europe and at 1.2271 in the U.S. Now greenback's future depends on today's FOMC rate decision (hike by 0.25% anticipating), we expect the movement between 1.2195 and 1.2295 today.
(CSOB Investment research)