EUR/USD: Euro keeps going up
The pair EUR/USD has been traded upward for the third consecutive day on Friday morning with the help of support from investors’ expectations of possible interest rate increase soon.
By 10.11 Moscow time the Euro is at 1.3831 against closing session level of 1.3799 yesterday.
If policy of the Federal Reserve regarding the rate has been stable for a long time, ECB is not so definite. Earlier representatives of the regulator emphasized more than once that tightening of the monetary policy will possibly begin in Eurozone in the nearest future. Today levels of consumer prices in Germany will be made public; it is expected that the index will rise to two-year highs, which can become another prerequisite for revision of the interest rate policy by the ECB.
Since the beginning of the week The Euro has already added 1% against the USD and today it is at the three- week highs
Most likely the pair EUR/USD will not go beyond the range of 1.3750-1.3890
at the trading session on Friday.
