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The pair EUR/USD is traded upward on Wednesday morning – amid positive investors’ expectations.

By 9.15 Moscow time the Euro is at 1.4253 against Tuesday closing session level of 1.4221.

Final Eurozone 4q GDP data will be released midday – the indicator is expected to increase by 0.3%.

Another positive factor – expectations on today’s ECB meeting, during which the key interest rate, as markets anticipate, may be raised – to 1.25% per annum from the current level of 1%.

In whole the situation remains calm by now.

Ben Bernanke said in his speech that the increase in inflation seen now was based on commodity-price factor and was therefore transitory. According to him, this would not be long and Fed had to monitor inflation extremely closely to be ready to respond in case the situation worsened.

Most likely the pair EUR/USD will not go beyond the range of 1.4200-1.4290 at the trading session on Wednesday.
 

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