The dollar tried to strengthen slightly against the single currency (up to 1.2420), but the discovery of toxic ricin in Senate pushed the greenback to 1.25. Terrorist attack danger prevails again; it is a permanent danger against the American currency. However, we suppose the market may change its attention to G7 meeting and the rate movement could calm down between 1.2490 and 1.2590. The rate EUR/USD was at 1.2550 this morning.
CSOB, Investment research