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Euro/USD: USD has restored credibility
The pair EUR/USD goes down at the Forex currency market on Monday amid increased credibility in the USD after the news about destruction of the terrorist number one –Usam Bin Laden.
By 9.15 Moscow time the Euro is at 1.4793 against closing session level of 1.4806 on Friday.
It was reported on Monday morning that the U.S. destroyed the number one terrorist Usam Bin Laden. The U.S. President Barack Obama also confirmed this information. Amid such background The USD began to regain losses of the last week.
No important data on Eurozone is going to be released today, except for the index of business activity in industry; the data from U.S. will be released in the afternoon, including index of economic conditions ISM in industry.
Most likely the pair EUR/USD will not go beyond the range of 1.4700-1.4850 at the trading session on Monday.