The Euro went on appreciating against the greenback on Tuesday. The sentiment is negative against the American currency and a few positive statistical data cannot stop the trend. Yesterday in Europe the rate EUR/USD opened at 1.1736, the euro was strengthening during the trading session and closed at 1.1772. In American trading the euro began at 1.1770 and closed at 1.1771. This morning the rate EUR/USD opened at 1.1774 and should stay between 1.1770 and 1.1870.
CSOB, Investment Research