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The pair EUR/USD has reached new highs at the Forex currency market on Thursday morning amid expectations of the data on the dynamics of prices for houses in the U.S. and general recovery of the commodity and stock markets after the local sales.

By 10.00 Moscow time the Euro is at the level of 1.4640 against closing level of 1.4550 yesterday. Therefore, the pair has reached 15 month highs
Experts predict that considering the fall in house prices (forecast: -0.3% in February) and other signals, indicating slowdown of the economic recovery, Federal reserve is not going to raise base interest rate until at least QI 2012.

In addition, the Dollar will fall in price from 13 to 16 in pairing with the most actively traded currencies of the world amid expectations of the data on the U.S. houses prices. Therefore, the market is still in power of external background which is negative for the USD.

Most likely the pair EUR/USD will be above the range of 1.4310-1.448 at the trading session on Thursday.

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