The euro lost slightly against the dollar on Friday. Surprisingly good
industrial production in the U.S. was overshadowed by the fall of confidence
index from N.Y area. The rate EUR/USD opened at 1.1271 and closed at 1.1251
in European trading. It started at 1.1269 in American trading, the whole day
moved between 1.1248 and 1.1282 and closed at 1.1262. This morning the rate
was at 1.1230 and should move in a range of 1.1180 and 1.1280.
Zdenek Safka, Investment Research, CSOB