Positive macro data from the U.S. and good company's results supported the greenback. In Europe the rate EUR/USD opened at 1.1728 and closed at 1.1633 after hitting 1.1590 levels. It started at 1.1671 in American trading and closed at 1.1614. Today it opened at 1.1622 in Europe and should stay between 1.1580 and 1.1680. Today's release of statistical data should support the dollar but markets are cautions ahead of US president Bush trip to Japan at the end of the week.
CSOB, Investment Research