Sentiment against the greenback stays negative, even positive American macro data support the dollar temporarily only. On Friday the rate EUR/USD opened at 1.1742 in Europe, it touched the levels of 1.1850 and after correction closed at 1.1802. It began at 1.1790 in the U.S. and closed at 1.1799. In Europe it opened at 1.1807 this morning and should stay between 1.1770 and 1.1850. Today we expect weak trading and weak volatility due to holidays in the U.S and Japan.
CSOB, Investment Research