markets did not react to GDP in the U.S.A., but focused on high number of
initial jobless claims, which lowered confidence in American currency. On
Thursday morning the dollar rose up to 1.1692 against the euro. But it
opened at 1.1759 in the U.S.A. and later on it broke the 1.191 limits. The
close of American trading session marked the rate EUR/USD at 1.1902. Today
the rate EUR/USD began at 1.1897 in Europe and should stay in the range of
1.180 and 1.191.
Zdenek Safka, Investment Research, CSOB