Euro/USD: USD consolidates against Euro amid risk aversion
The pair EUR/USD is traded downward at the Forex currency market on Tuesday morning, although it is still close to1.3950
By 9.40 Moscow time the Euro is at 1.3939 against closing session level of 1.3988 yesterday.
Demand for the USD increases after another accident at the atomic power station in Fukushima, Japan – it became known earlier that in the fourth power generating unit of the station there was a fire, which resulted in the emission of high concentrated radioactivity.
The U.S. Federal Reserve meeting will start tonight, however it is not expected to cause sensation- interest rate will be kept at the previous level and in the follow-up comments monetary politicians will confirm their intention to maintain the rate at the low levels for a long time.
In general external background still dictates market direction.
Most likely the pair EUR/USD will not go beyond the range of 1.3900-1.4020 at the trading session on Tuesday.
