Raiffeisenbank Austria d.d. recently issued the following announcement on July 23.

The end of the week on the domestic foreign exchange market went on in a quiet tone. The trading was open at the level of around 7.395 kunas for the euro and due to the smaller volume of trading and the absence of significant interest of the market participants, the exchange rate remained at the same level throughout the day.

The end of the week on the domestic foreign exchange market went on in a quiet tone. The trading was open at the level of around 7.395 kunas for the euro and due to the smaller volume of trading and the absence of significant interest of the market participants, the exchange rate remained at the same level throughout the day.

After Thursday shortening EUR / USD to $ 1.16 for the euro on Thursday, it again exceeded $ 1.17 for the euro on Friday. Critics of the US president's rise in FED interest rates have pushed the dollar tightening the depreciation pressures. In the week before us, the focus of market participants will be at the ESB meeting (Thursday). Although interest rates should be kept at existing levels (the reference interest rate at 0% and deposits at -0.4%) and raising interest rates should only take place in fall 2019. the investor's attention will be focused on possible announcements about future guidelines in monetary policy.

However, since changes in central bank policies are mostly well known in the coming months, we expect EUR / USD to move around the $ 1.16 level for the euro.  

According to Bloomberg data, the US market is closed with the following values: EUR / USD 1.1724, EUR / GBP 0.8925, EUR / CHF 1.166, EUR / JPY 130.63.

Original source can be found here.