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EUR/USD: Major pair evaluates decision of the U.S. Congress
The pair EUR/USD is traded with little progress at the Forex currency market on Monday morning, while investors evaluate last U.S. news.
By 8.45 Moscow time the Euro is at 1.4388 against closing level of 1.4395 on Friday.
Last weekend, the U.S. Congress has finally adopted the plan to reduce budget expenditures, it is known currently that the budget will be cut by $2.5 trillion in the next 20 years and main burden will fall on defense sector, while social sphere and health care sector will not be affected.
Thus, at the moment Republicans and Democrats still have one day to adopt decision on the rise of the public debts limits.
Interesting data on Eurozone will be released today, such as unemployment rate in June; the U.S. news will become known in the afternoon.
Most likely the pair EUR/USD will not go beyond the range of 1.4300-1.4450 at the trading session on Friday.
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