Euro/USD: Euro weakens amid expectations of the U.S. economy recovery
The pair EUR/USD is traded downward on Wednesday morning: the USD gets support from the expectations of strong labour market statistics on Friday and forecasts of the key rate increase.
By 9.10 Moscow time the Euro is at 1.4075 against Tuesday closing session level of 1.4112.
Investors keep vigilant watch on Fed to signal its readiness to decrease stimulus programs that may indicate the recovery of the U.S. economy and time to raise the key rate.
Besides Federal Funds Futures contracts showed a 53% chance of an increase in the key rate, compared with 43% odds a week ago.
Today investors will take interest in the data from Eurozone and Switzerland, in the USA no important statistics that may influence pair movements will be released.
Most likely the pair EUR/USD will not go beyond the range of 1.4000-1.4140 at the trading session on Wednesday.
