Yesterday the euro changed against the dollar only little in European
trading. The rate EUR/USD opened at 1.1223 in the morning, it followed a
wide range of 1.1164 and 1.1237 and closed at 1.1213. It opened at 1.1183 in
American session, but closed at 1.1203.
The rate EUR/USD was at 1.1240 this
morning and should move between 1.1190 and 1.1290. The rate might be
influenced by initial claims in the U.S.; their increase above the 400.000
levels should strengthen the single currency.
Zdenek Safka, Investment Research, CSOB