EUR/USD: Euro grows taking advantage of the USD weakness

The pair EUR/USD is growing steadily at the Forex currency market on Tuesday because yesterday, the U.S. President Obama warned once again about possibility of default. By 9.15 Moscow time the Euro is at 1.4483 against yesterday’s closing level of 1.4376.

Last night the president of the U.S. Barack Obama stated that since negotiations on the budget between Republicans and Democrats has not progressed, it can result in default. Obama continues to call politicians for compromise, because the deadline of making decision, the 2nd of August is coming closer.

Amid this situation, the Euro has received support and is growing to 1.45.The day is going to be eventful in terms of macro-statistics today; most of it will be from the U.S. and will be released after 16:30 Moscow time.Most likely the pair EUR/USD will not go beyond the range of 1.4400-1.4550 at the trading session on Tuesday.