The euro appreciated slightly against the dollar yesterday. The rate EUR/USD
began at 1.1274 in Europe, it broke the 1.13 limit in the afternoon but
closed at 1.1282 after correction. The trading session in the U.S. opened at
1.1282, the rate went through the 1.13 limit even here and closed at 1.1285.
The currency pair opened at 1.1313 this morning and should move between
1.1260 and 1.1360. The currency development might be influenced by ZEW
index; its increase should support the single currency.
Zdenek Safka, Investment Research, CSOB