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EURO/USD: EURO is underpressure again
The pair EUR/USD goes downslightly at the Forex currency market on Friday morning after the rebound lastnight.
By 9.30 Moscow time the Euro isat 1.4344 against yesterday’s closing level of 1.4362.
According to the decision ofthe European Central Bank interest rate in Eurozone was raised to 1.5% perannum, by 25 basis points, which agreed with market expectations. The head ofthe ECB, Mr. Trichet noted in the follow-up comments that it is still necessaryto maintain “super vigilence” and he also said that regulator hadchanged previous law on pledge for Portugal, whose rating was downgraded belowinvestment grade this week.
The U.S. statistics releasedyesterday was favourable and supported buyers.
Most likely the pair EUR/USDwill not go beyond the range of 1.4300-1.4400 at the trading session in themiddle on Friday.