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EUR/USD: USD celebrates triumph
The pair EUR/USD is traded downward at the Forex currency market on Tuesday morning –the House of Representatives finally approved the increase in the national debt limit of the U.S. yesterday.By 9.40 Moscow time the Euro is at 1.4244 against yesterday’s closing level of 1.4250.
Thus, yesterday, the House of Representatives of the Congress voted to rise the limit of the U.S. national debt by $2.4 trillion in two stages. Budget of the U.S government expenditures will be reduced for the amount of $2.1 trillion in the next 10 years.Investors did not make use of the weak U.S. statistics, because decision on the public debt had become a more powerful driver in favour of the USD growth.
The data on the revenues and expenditures of Americans in June will be known tonight, if statistics turn out positive the USD will receive good support.Most likely the pair EUR/USD will not go beyond the range of 1.4190-1.4310 at the trading session on Tuesday.
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