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EUR/USD: Euro rises amid positive expectations
The pair EUR/USD is traded upward at the Forex currency market on Thursday on expectations of Germany decisions.
By 9.00 MSK the Euro is at 1.3623 against yesterday’s closing level of 1.3542.Germany will make a decision on possible EFSF program enlarging – from current EUR440 bln to EUR780 bln today. This measure is likely to prevent debt crisis spreading across the Eurozone. The opposition has already supported the ruling party, so there is practically no doubt in project’s approval.
Midday investors will pay attention to the European statistics – Germany Unemployment data and Business climate index in Eurozone in September. USA will also make public some employment data.
Most likely the pair EUR/USD will not go beyond the range of 1.3570-1.3690 at the trading session on Thursday.