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EUR/USD: Euro exploits the situation of external background to grow
The pair EUR/USD is traded upward at the Forex currency market on Monday morning.
By 9.32 MSK the Euro is at 1.4294 against closing level of 1.4247 on Friday.
Financial trading floors continue to take advantage of the stable statistics of the U.S. and Japan which triggered growth at the Asian markets and built up support for the Euro.
Thus, investors’ tranquility reverts after panic sales of the last week, which has been the most difficult for trading in the current year.
The day is going to be quiet in terms of macro-statistics; only the U.S. index of manufacturing activity Empire Manufacturing in August will be of investor’s interest, which is scheduled for the release in the afternoon.
Most likely the pair EUR/USD will not go beyond the range of 1.4200-1.4350 at the trading session on Monday.