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Euro/USD: Euro does not give up hopes to strengthens
The pair EUR/USD is traded upward at the Forex currency market on Thursday morning amid stable external background.
By 9.00 Moscow time the Euro is at 1.4295 against yesterday’s closing level of 1.4249.
Today, the Euro ignores the news about resignation of the head of the International monetary Fund, Dominique Strauss-Kahn. Statistics, scheduled for the release this afternoon is against the USD. It is expected that the data on the secondary housing market will be unfavourable, and will confirm the necessity to preserve economic incentives programs.
It is also worth noting that protocol of the U.S. Federal Reserve issued yesterday stressed that process of monetary policy tightening can start earlier than the market expected, however due to the questionable statistics, the issue is still open.
Most likely the pair EUR/USD will not go beyond the range of 1.4210-1.4350 at the trading session on Thursday.