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EUR/USD: Euro is waiting for new signals
The pair EUR/USD is traded slightly downward at the Forex currency market on Wednesday morning because there is no favourable news.
By 9.15 MSK the Euro is at 1.3020 against yesterday's closing level of 1.3026.
There is no information on the outcome of negotiations between Greek and private capital yet, therefore drivers for the pair's growth are receding. Yesterday negative information came from International Monetary Fund which lowered forecast for world economic growth for the current and next year because of European debt crisis. IMF expects recession in Eurozone in 2012 and slump of the economy by 0.5%, in 2013 GDP can increase by 0.8%.
A two-day meeting of the U.S. Federal Reserve will finish tonight; in the afternoon, investors' attention will be drawn to it.
Most likely, the pair EUR/USD will not leave the range of 1.2970-1.3050.