Yesterday the currency pair EUR/USD confirmed market nervousness and its instability ahead of the next G7 meeting. The single currency weakened to 1.25 and may continue weakening till February 6 and 7, i.e. till the G7 meeting. However, the nervousness may be calmed down at ECB meeting next Thursday. The rate EUR/USD moves at around 1.2470 this morning and should stay in a range of 1.2420 and 1.2520 during the day.
CSOB, Investment research