Euro/USD: Rapid growth of Euro is supported by news on B7
The pair EUR/USD grows rapidly at the Forex currency market on Friday, supported by the decision of the “Big Seven” to conduct joint currency intervention at Forex against strengthening Yen. The pair Euro/Yan has been selected as a major pair and it dragged up the pair Euro/Dollar.
By 8.30 Moscow time the Euro is at 1.4071 against closing session level of 1.4018 yesterday.
Thus, the Euro has successfully exceeded the level of 1.40 yesterday and is traded steadily above significant target.
The day is not going to be eventful in terms of the U.S. and Eurozone macro-statistics today; therefore, apparently, traders will rely on the external background.
Most likely the pair EUR/USD will not go beyond the range of 1.3980-1.4120 at the trading session on Friday.
