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EUR/USD: Euro is stable at the end of the week
The pair EUR/USD is traded slightly downward at the Forex currency market on Friday morning after yesterday’s meeting of the ECB and a new course of European monetary policy
By 9.30 the Euro is at 1.3814 against yesterday’s closing level of 1.3822.
So, new head of the European Central Bank Mario Draghi announced yesterday that interest rate was lowered by 25 basis points, to the level of 1.25% per annum, which should stabilize monetary situation in Eurozone.
Meanwhile, situation in Greece remains tense: the country is ready to form an opposition government which is most likely to override the previously assigned referendum.
Most likely the pair EUR/USD will be in the range of 1.3780-1.3860 at the trading session on Friday.