EUR/USD: Euro continues to rise, supported by investors’ optimism
The EUR/USD is traded upward at the Forex currency market on Thursday morning- investors believe that world economy is recovering steadily; therefore there is no need in the protective assets at the moment.
By 10.30 Moscow time the Euro in at 1.3233 against closing session level of 1.3225 yesterday.
Investors’ attention today will be attracted by the data on the business confidence in Italy (which is expected to rise to the two-year highs).
The market awaits publication of the U.S. statistics tonight – data on the unemployment benefit requests (the rate is expected to decline) and also information on the U.S. reserves of oil and oil products for a week.
In general, the market is optimistic- raiders are confident that the world economy is recovering. Therefore, the year ends in high spirits.
Most likely the pair EUR/USD will be in the range of 1.3150-1.3290 at the trading session today.
