The rate EUR/USD opened at
1.1869 in Europe and during the day the euro depreciated. In American
trading session the rate started at 1.1807 and closed at 1.1782 in the
evening. The reason for such development was based on U.S. inflation report,
which diminished worries about the deflation. It also diminished hopes that
Fed might cut rates by 0.5%. Today in Europe the rate EUR/USD opened at
1.1781 and should remain between 1.1730 and 1.1830.
Zdenek Safka, Investment Research, CSOB