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Euro/USD: Euro grows up amid expectations
The pair EUR/USD is traded upward at the Forex currency market on Thursday; players are waiting for the outcome of the European Central Bank meeting which will be held today.
By 9.15 Moscow time the Euro is at 1.4870 against closing level of 1.4826 yesterday.
Preliminary employment data in the U.S. released yesterday provoked withdrawal from dollar positions and today the Euro consolidates amid anticipations that oratory of the head of the ECB, Trichet will remain “hawkish” and he will confirm his intention to raise interest rates in June once again.
The U.S. employment data will be made public tonight, which will give the market guidelines for the short term trend for to form.
Most likely the pair EUR/USD will not go beyond the range of 1.4780-1.4920 at the trading session on Thursday.