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EUR/USD: Euro continues to grow
The pair EUR/USD is traded upward at the Forex currency market on Thursday morning.
By 9.30 MSK the Euro is at 1.3799 against yesterday’s closing level of 1.3790.
Investors’ enthusiasm is based on the expectations of solution for the European debt problems, in particular approval of the expansion project of EFSF by Slovakia and emergency aid to Greece by way of issuing sixth tranche of funds.
By the way, government of Slovakia resigned after the failure of previous vote in parliament.
The day is going to be eventful in terms of macro statistics; the data on final index of consumer prices in Germany in September will be released in the middle of the session; later, the U.S. figures on the number of unemployment benefit claims for a week and trade balance of goods and services in August
Most likely the pair EUR/USD will not go beyond the range of 1.3720-1.3830 at the trading session on Thursday.
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