The support for the
dollar was given by payrolls, which decreased less than anticipated. In
European trading the rate EUR/USD opened at 1.1850, the strengthening
started in the afternoon. The beginning of American trading session marked
the rate at 1.1807, but it closed at 1.1700. Today it opened at 1.1704 in
Europe.
Zdenek Safka, Investment Research, CSOB