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EURO/USD: Euro is waiting for signals from ECB
The pair EUR/USD is growing at the Forex currency market on Thursday morning, as investors expect positive signals from the head of the ECB Mr. Trichet, following today’s meeting.
By 9.20 Moscow time the Euro is at 1.4626 against yesterday’s closing level of 1.4583.As the outcome arising from the meeting of the European central Bank, market expects signals that interest rate will increase in July; however American data is not positive: dollar index ICE dropped which is particularly noticeable after the release of Beige Book, and in advance of the publication of the U.S. foreign trade balance which is expected to be unfavourable.
Volatility is expected to increase today at the trading floors.
Most likely the pair EUR/USD will not go beyond the range of 1.4500-1.4750 at the trading session on Thursday.
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