EUR/USD: Euro continues to grow moderately
The pair EUR/USD is traded upward at the Forex currency market on Friday continuing ascending movement following the ECB decisions yesterday
By 10.00 Moscow time the Euro is at 1.3225 against closing session level of 1.3209 yesterday.
The European Central Bank meeting was held on Thursday, where it was decided to keep interest rate unchanged at the level of 1% per annum. In addition the ECB announced the revision of GDP growth forecast upward for the Eurozone for the current and next year which supports purchase interest to the Euro.
However let’s not forget how strong was investors panic while Irish problems had been resolved and market predicted the same fate for Spain and Portugal. Therefore, potential risks for the Euro still remain at the high level.
A lot of statistics of the Eurozone’ countries will be published today including the levels of retail sales in the region. The latest data of the week will be the U.S news. Most likely the pair EUR/USD will not go beyond the range of 1.3170-1.3290 on Friday trading session.
