EUR/USD: EURO is losing positions due to American news
The pair EUR/USD is declining slightly at the Forex currency market on Wednesday morning, due to consensus that has been reached on the issue of the U.S. budget cuts.By 9.30 Moscow time the Euro is at 1.4139 against yesterday’s closing level of 1.4154.
Thus, American leader Barack Obama said last night that some progress has been achieved in the discussions about the rise of the limits of the U.S. national debt. He also noted that he had approved senators’ plan proposing budget cuts of $3.7 trillion over the next 10 years.
Negotiations between Republicans and Democrats will be continued this week, however, it is obvious that the matter is in progress now, which is especially important in view of decreasing of the allotted time for the discussion.
As for the news from Eurozone today, the data on the consumer confidence index in June is worth paying attention; the U.S. data on the houses sale in the secondary market last month will be released tonight.Most likely the pair EUR/USD will not go beyond the range of 1.4080-1.4190 at the trading session on Wednesday.
