Yesterday the EUR/USD trading was nervous and volatile. The uncertainty with respect to the bombings in Madrid turned out to be dollar negative. The EUR/USD rate closed at 1.2354 after opening at 1.2260. The U.S. data from labour market brought no surprise and had no impact on rates. This morning the rate was at about 1.2275 and should fluctuate between 1.220 and 1.240.
CSOB - Investment Research