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EURO/USD: Euro is being corrected after the rise on Thursday
The pair EUR/USD is traded slightly downward at the Forex currency market on Wednesday morning after yesterday’s rise followed after the speech of the head of the U.S. Federal reserve Ben Bernanke.
By 9.10 Moscow time the Euro is at 1.4674 against yesterday’s closing level of 1.4690.
Bernanke stressed in his speech in Atlanta that American economy still needs support, since its revival looks disappointing slow. Federal Reserve will do whatever is necessary to keep inflation within acceptable bounds, although it seems that regulator is not scared of such poor dynamics of economic growth.
Macro-economic calendar is not very eventful today, therefore external background will be the main actuator for the market.
Most likely the pair EUR/USD will not go beyond the range of 1.4610-1.470 at the trading session on Wednesday.