Yesterday the euro went on depreciating against the greenback. The main reason was in rumours that ECB might cut interest rates on Thursday. The American ISM in manufacturing also supported the dollar. In American trading session the rate EUR/USD opened at 1.2480 and closed at 1.2468, in Europe closed at 1.2445. This morning it moves at about 1.2435 and should stay between 1.23 and 1.26.
ČSOB - Investment Research