Data from American labour market (payrolls) will influence the currency pair EUR/USD today. ECB decision to keep rates unchanged was not surprising. Therefore the rate EUR/USD was relatively stabile on Thursday. We see the single currency strengthening today in case the labour market data are worse than expected. The rate EUR/USD was at about 1.2155 and should move between 1.217 and 1.227.
ČSOB - Investment Research