The pair EUR/USD is traded upward for the third consecutive day at the Forex currency market on Wednesday morning because investors’ interest to risk is still preserved.
By 9.00 Moscow time the Euro is at 1.3839 against closing session level of 1.3828 yesterday.
The main positive factor comes from the Asian markets where, according to investors, significant growth will be observed based on the growing levels of exports. In addition, it is expected that both today’s statistics on Europe and the U.S. statistics tonight will be favourable.
Thus, it is predicted that index of producer prices in Eurozone will rise to 5.2% in December which will become the highs since 2008.
Note that that the meeting of the European central Bank will be held tomorrow and in advance of it the Euro can be corrected.
Most likely the pair EUR/USD will not go beyond the range of 1.3750-1.3890 at the trading session today.