The pair EUR/USD is in sale at the Forex currency market on Tuesday morning because situation in the Middle East and particular in Libya increased fears of possibility that civil unrest will spread further into the countries of the region.
By 10.25 Moscow time the Euro is at 1.3565 against closing session level of 1.3679 earlier.
Once the authorities of Libya sent out troops on to the streets and used artillery, investors begun to turn to safe assets more actively hedging their risks amid increasing possibility of conflict escalation in the Middle East.
Taking into account external environment the Yen is getting more interesting for the traders, since Japan has a trade surplus, and also the USD and Swiss Franc.
So far traders ignore macro-economic data – it became known this morning that index of consumer sentiment in Germany rose to 6.0 points in March, as per GfK estimates, against the previous value of 5.7 points
Most likely the pair EUR/USD will not go beyond the range of 1.3480-1.3690 at the trading session on Tuesday.
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