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Euro/USD: Euro received energy boost
The pair EUR/USD grows at the Forex currency market on Thursday: external background enables to regain from the previous sales today.
By 8.45 Moscow time the Euro is at 1.4155 against yesterday’s closing level of 1.4087.
China gave rise to optimism – according to the Financial Times China declared intention to buy bonds of the peripheral countries of Eurozone. If this proves to be true, weak European countries will be able to obtain necessary funds from the market in full.
In addition, Portugal once again announced intention to save more than spend which also added optimism to investors. The evening might be stressful, as the U.S. macro-statistics is scheduled for the release tonight: number of applications for unemployment benefits and preliminary levels of GDP for QI will become known. It is assumed that economy will grow by 2.1% q/q against the level of QIV last year, when GDP grew by 1.8%.
Most likely the pair EUR/USD will not go beyond the range of 1.4010-1.4150 at the trading session on Thursday.
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