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EUR/USD: Euro goes up due to decisions on Greece
The pair EUR/USD is traded upward at the Forex currency market on Tuesday morning.
By 9.00 Moscow time the Euro is at 1.3268 against yesterday's closing level of 1.3236.
Decision of the Euro group on al location of the second financial aid package to Greece gave rise to purchases. Thus, it became known now that private creditors will remit Athens for about 107 billioneuro, while coupon rate on new bonds will be at the level at 3% in 2015-2020and then it will go up to 4.3%.
It is assumed that public debt of Greece will reduce to 120.5% of GDP by 2020.
Due to all these facts, Greek default is subsiding in March, which allows the "bulls" on Euro to go up.
This information will be the main driver in the market today.
Most likely that pair EUR/USD will not gobeyond the range of 1.3165-1.3320 at the trading session on Tuesday.