The rate EUR/USD
opened at 1.1815, it touched 1.1867 in the morning and closed at 1.1867 in
the afternoon. Because of Memorial Day there were no fresh information from
the U.S. yesterday, but Europe reacted positively to better than expected
Ifo index. The decline of the dollar could stop today; the market expects
better Conference board index data in America.
This morning in Asia trading
session the rate EUR/USD broke the 1.19 limit. In Europe it opened at 1.1860
and should move between 1.1780 and 1.1880.
Zdenek Safka, Investment Research, CSOB