Euro/USD: Euro tries to grow

The pair EUR/USD is traded slightly upward at the Forex currency market on Tuesday morning, however the Euro continues to be under the pressure due to problems in Greece.

By 9.10Moscow time the Euro is at 1.4168 against yesterday’s closing level of 1.4156.

However the factor of support today will be the news that Finance Ministers of Eurozone endorsed requirements for granting financial assistance to Portugal in the amount of 78 billion euro.

Meanwhile, IMF will grant 26 billion euro to the country; the remaining money will come through the temporary stabilization mechanism of the Eurozone.

Investors will await the U.S. statistics in the afternoon, which can affect trading process. Most likely the pair EUR/USD will not go beyond the range of 1.4100-1.4230 at the trading session on Tuesday.

 
 

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