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The pair EUR/USD is growing at the Forex currency market on Wednesday morning with the help of support from the data which shows reduction of inflation in China.

By 9.25 Moscow time the Euro is at 1.3991 against yesterday’s closing level of 1.3975.

The Euro reached lows of January yesterday, amid intensification of the negative external factor, however in the afternoon part of sales has been bought out. China has made investors happy this morning: GDP has slowed down in Q2, which indicates efficiency of the anti-inflationary measures, taken by the local authorities.

Interest in the USD started to wane after the release of the minutes of meeting of the U.S. Federal Reserve of 21/22 June- the document showed lack of unity among members of the Monetary Committee on the issue of the further priming of economy.

The day is going to be eventful in terms of statistics; however it will be of secondary importance, therefore will not significantly affect trading process.

Most likely the pair EUR/USD will not go beyond the range of 1.3970-1.4050 at the trading session on Wednesday.

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