Mr. Snow's interview for the Times expecting rates increase due to revived economy supported the American currency. But the decrease of Conference Board index changed the trend. In Europe the currency pair EUR/USD opened at 1.1696, was traded in a wide range of 1.1608 and 1.1760 and closed at 1.1658. In the U.S. the pair opened at 1.1623 and closed at 1.1628. This morning the rate EUR/USD began at 1.1630 in Europe and should move between 1.160 and 1.170.
CSOB, Investment Research