Euro/USD: Euro continues to recover

The pair EUR/USD continues to be traded upward at the Forex currency market on Wednesday morning since investors have become more brisk and are interested in risk.

By 6.30 Moscow time the Euro is at 1.4270 against yesterday’s closing level of 1.4236.

The U.S. statistics released yesterday was poor and the data on began construction and construction permits in April fell short of expectations, thus accelerating withdrawal of players from dollar positions.

Eurozone and the USA will not pamper investors with statistics today: no important news from Eurozone is scheduled for the release today, and interesting data from the USA- “ minutes” of the U.S. TCF will be published only late tonight, at 22.00 Moscow time.

Most likely the pair EUR/USD will not go beyond the range of 1.4230-1.4350  at the trading session on Wednesday.

[More]

Tags: