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Euro/USD: Euro grows up, while USD is under pressure
The pair EUR/USD is traded upward at the Forex currency market on Friday morning, continuing to move up.
By 9.30 Moscow time the Euro is at 1.4247 against yesterday’s closing level of 1.4144.
Markets’ concern that growth rate of expenditure of Americans reduced to 0.5%, which would have been the lows of three months, became an adverse factor to the USD. The data will be made public tonight.
Meanwhile the head of Euro Group Mr. Junker said yesterday that Greece might not receive the second tranche of funds from IMF, since the chances of default in Greece next year are too high and it seems unlikely that restructuring of the debts of Athens could be avoided.
As long as external background remains ambiguous, the growth of the Euro is considered not more than a rebound.
Most likely the pair EUR/USD will be the range of 1.4170-1.4290 at the trading session on Friday.
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