EUR/USD responded to published statistical data and news from Iraq. It
opened at 1.0799, the dollar lost in the morning, but better than expected
macro data pushed the dollar up to 1.0787.
Today in Europe the exchange rate
opened at 1.0785 and should move in the range of 1.068 and 1.088. Against
the Yen the common currency strengthened from 129.10 at the beginning to
129.14 in the afternoon. The whole day the rate EUR/JPN remained between
128.97 and 129.23.
Zdenek Safka, Investment Research, CSOB