The euro goes on appreciating against the dollar and reached a new maximum at 1.2178. Even positive American macro data could not prevent the dollar depreciation. This week less economic data are released, investor's focus should concentrate on FOMC meeting on Tuesday. However, we do not expect any change in rates.
This morning the rate EUR/USD was at 1.2186. We anticipate that the limits of 1.22 are broken today.
CSOB, Investment Research