reason was in strong increase of industrial production in Europe and worries
about the American unemployment. The scepticism against the dollar was
promoted also by increasing tension between the U.S.A. and Syria. The rate
EUR/USD opened at 1.0838 and finished at 1.0910 yesterday.
Today it opened
at 1.0907 and should stay in the range of 1.088 and 1.095. However, if
today's macro data are weak in the U.S.A., the rate EUR/USD may exceed the
limit of 1.1.
Zdenek Safka, Investment Research, CSOB