The dollar slid against the euro to 1,2048 due to oil price, which reached new maximum. Today's development will be most influenced by both oil price and data from American labour market. Even good payrolls needn't necessary help the dollar, investors will be careful and watch the oil price very closely. Next weekend FOMC meeting is held, expected rate hike could be postponed depending on today's results. For today we expect the rate to fluctuate within 1,1990-1,2150.
(CSOB Investment research)