The Euro tended to weaken against USD last week but remained near to
beginning values at the end. During the first half of the week the
battlefield information helped the dollar but later on worries about the
American economy prevailed. On Friday the EUR/USD rate opened at 1.0733 and
closed at 1.0744.
Today it opened at 1.072 and should stay in the range of
1.065 and 1.078. The common currency appreciated also against the yen at the
week's end. On Friday it started at 129.10 and finished at 129.50. Today's
rate was 129.52 at 8.30.
Zdenek Safka, Investment Research, CSOB