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EUR/USD: Euro remains in the narrow trading range
The pair EUR/USD is traded downward at the Forex currency market on Wednesday morning.
By 9.00 Moscow time the Euro is at 1.3063 against yesterday’s closing level of 1.3067.
Major pair is still being traded in the extremely narrow range in advance of the New Year holiday; small sale was caused by expectations of the continuation of the Italian auction today. Thus, yesterday, yield of Italian ten-year debt securities has exceeded psychologically important mark of 6%, which indicates that market is prepared for high risks.
It is expected that securities placement will be continued today.
In general currency activity remains very low, which is logical.
Most likely the pair EUR/USD will not go beyond the range of 1.3020-1.3080 at the trading session on Wednesday.
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