On Tuesday the euro went on weakening against the American currency, which
was supported by the increase of Supply Management's Index (ISM). In
European trading the rate EUR/USD opened at 1.0955 and finished at 1.0809.
In American trading it began at 1.0852 and closed at 1.0805.
EUR/USD opened at 1.079 this morning and should move between 1.075 and
1.085. The rate might be influenced by the release of ISM in services, they
are usually more optimistic then their counterparts in manufacturing.
Zdenek Safka, Investment Research, CSOB