The Euro lost against the dollar yesterday. No important statistical data
was published on Monday, but markets appreciated last week favourable macro
signals from the U.S. The rate EUR/USD opened at 1.1231 and closed at
1.1157. The single currency even lost in American trading. It began at
1.1183 and finished at 1.1146.
Statistical data that is to be released today
should confirm or refuse thesis concerning the economic development and
influence rate movements. The rate EUR/USD was at 1.1120 this morning and
should stay between 1.1080 and 1.1180.
Zdenek Safka, Investment Research, CSOB