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EUR/USD: Euro falls in price under pressure from USD
The pair EUR/USD is traded downward again at the Forex currency market on Thursday morning, as investors are waiting for the speech of Barack Obama in the Congress tonight.
By 9.30 MSK the Euro is at 1.4067 against yesterday’s closing level of 1.4098.
It is expected that American leader will touch upon the issue of labour market in the U.S. in his speech on Thursday and will propose for consideration a new incentive program of this sector.
In addition, a meeting of the European Central Bank will be held today; traders expect to see some relaxation in the opinion of regulator about inflation in the region.
Therefore, the day is going to be eventful.
Most likely the pair EUR/USD will not go beyond the range of 1.3960-1.4090 at the trading session on Thursday.