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Euro/USD: Euro continues to grow steadily
The pair EUR/USD continues to grow at the Forex currency market this morning; investors expect that following the meeting of the U.S. Federal Reserve today, the rate will be kept unchanged by the American regulator, who adheres to the strategy of long term low rates.
By 9.10 Moscow time the Euro is at 1.4686 against closing level of 1.4644 yesterday.
Thus, decision on the rate will be announced at 20.30; after 22.00 Ben Bernanke, the U.S. FR chairman, will start his first press-conference. The Dollar fell to the lows of 16 months by this morning.
It is possible that in the afternoon investors will fix some profit.
Most likely the pair EUR/USD will not go beyond the range of 1.4600-1.4720 at the trading session on Wednesday.