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EUR/USD: Investors started to sell Euro, moving away from risks

The pair EUR/USD is traded downward at the Forex currency market on Thursday morning as investors begun to fear that there is no consensus in the issue how to extricate the Eurozone from crisis.

By 9.30 MSK the Euro is at 1.3704 against yesterday’s closing level of 1.3759.

Despite previous news, Germany and France still cannot agree on the rescue strategy for Eurozone, in particular on the scheme of expansion the Fond EFSF.  Representative of Finland has announced that all discussions about raising required amount for the Fund are used to cover up additional costs of strong European countries.

Now it appears that market considers possible disappointment by the results of the EU summit on 23 October.

The day will be eventful with European data of various contents; the U.S. news is scheduled for the release in the afternoon.

Most likely the pair EUR/USD will not leave the range of .3650-1.3750 on Thursday.

 

 

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