The euro went on depreciating yesterday. The rate EUR/USD opened at 1.1496 in Europe and closed at 1.1427. It opened at 1.1463 in American trading and closed at 1.1436. Macro data released yesterday had little impact on the rate, markets should wait for ECB conference this afternoon and for payrolls in the U.S. released tomorrow.
The rate EUR/USD opened at 1.1436 this morning and should move between 1.1390 and 1.1490.
CSOB, Investment Research