EUR/USD: Euro continues to grow on Friday

The pair EUR/USD continues to be traded upward at the Forex currency market on Friday morning.

By 10.40 Moscow time the Euro is at 1.3681 against closing session level of 1.3641 yesterday. Players are still waiting for the news from Ireland, which started talks with European Union, International Currency Fund and European Central Bank yesterday to discuss the issue of providing a package of financial aid to the country's banking system. The second area of discussion at the trading floors is Chinese issue. Investors believe that the regulator of the country will increase the rate before December this year.

The day is going to be quiet in terms of macro statistics therefore all investors' attention will be focused on the external background. Most likely the pair EUR/USD will not go  beyond the range of 1.3620-1.3800 at the trading session on Friday.

[More]