Euro/USD: Euro stands at three- week highs

The pair EUR/USD is traded upward at the Forex currency market on Wednesday morning, standing at three-week highs.

By 9.20 Moscow time the Euro is at 1.4431 against yesterday’s closing level of 1.4396.1

Weak statistics released yesterday was unfavourable for the USD; while the Euro received support from Greek news. The New York Times said that a new package of aid to Athens will include both new loans and additional help. In exchange for the funds Greece will need to accelerate privatization and introduce more rigid system of tax collection.

The data on employment from ADP Employers Services will be released today in advance of the official release on Friday and markets expect that the data will not be very positive.

Most likely the pair EUR/USD will not go beyond the range of 1.4370-1.4480 at the trading session on Wednesday.

 

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