On Friday the rate EUR/USD climbed up to the highest level since January
1999. The common currency is still attracting investor's attention due to
higher interest rate yield. At American trading session the currency pair
EUR/USD opened at 1.1469 and finished at 1.1489.
Another fall of dollar's
value followed after Treasury Secretary John Snow said that a decline in the
dollar ``helps exports.'' In consequence the Euro strengthened up to 1,1574
at Asia trading, i.e. to the highest level since the Euro was introduced.
Today in Europe the rate EUR/USD opened at 1.1556 and should stay within the
range 1.1500 and 1.1620.
Zdenek Safka, Investment Research, CSOB