The dollar absorbed another unsuccessful day on Friday. In Europe the rate EUR/USD opened quiet at 1.2060, however, weak American labor market data pushed the greenback immediately lower up to 1.2260 and even to 1.2279 when closed. Later in the U.S. the dollar corrected slightly its loss to 1.2274. Today no important statistical data are released and the dollar might correct its fall again. We expect the rate EUR/USD could move between 1.2195 and 1.2295 today.
ČSOB - Investment Research