The Euro went on appreciating against the American dollar. In European trading the dollar opened at 1.1439 and closed at 1.1496. It began at 1.1466 in the U.S., broke the 1.1501 limits in the afternoon and closed at 1.1487. The rate EUR/USD opened at 1.1472 today and should move between 1.1420 and 1.1520. The rate might be influenced by the German Ifo index and by data from American labour market released in the afternoon.
CSOB, Investmnet Research