The euro appreciated slightly in European trading on Friday. The rate EUR/USD opened at 1.1491 and decreased to 1.1440 after the GDP in the U.S. was released. However, the Uni Michigan confidence index pushed up the euro to final 1.1481. In American trading the rate began at 1.1491, but strengthened to 1.1476 when closed. This morning the rate was at 1.1455 and should stay between 1.1400 and 1.1500.
CSOB, Investment Research