Forex Blog
Blog-FX.Com

The pair EUR/USD is traded downward at the Forex currency market on Thursday morning because Greek issue is still unsettled

By 10.00 MSK the Euro is at 1.3703 against yesterday’s closing level of 1.3746.

So, special meeting of the representatives of Germany, France and Greece with ECB and IMF ended in vain. Referendum in Athens will be held in December, not in January,  as expected and the issue of financing in the country will be also postponed until normalization of the situation. According to IMF, Greece will not receive funds until exact solution is made of who and how shall provide help.

The meeting of the U.S. Federal Reserve, which ended yesterday, did not bring surprises, the rate was left at the previous level and the head of the FR Ben Bernanke did not say anything new.

Traders’ attention today will be focused at the meeting of the ECB, most likely the rate will remain stable and volumes of the asset repurchase can be increased.

Most likely the pair EUR/USD will be in the range of 1.3670-1.3740 at the trading session on Thursday.

Tags: