EUR/USD: Euro reverted to decline again at the end of the week
The pair EUR/USD is traded downward again at the Forex currency market on Friday –despite redound yesterday and stable external background in Asia, negative factor for the Euro is still effective.
By 9.20 Moscow time the Euro is at 1.3302 against closing session level of 1.3359 yesterday.
Trading floors in the U.S. are closed to the Thanksgiving Day celebration. Important statistics is not going to be released today, however Black Friday starts in American shops –the beginning of the Christmas sales and it is expected that people will spend 3% more this year than a year earlier. Later this will have a positive effect on the country’s statistics.
Japanese news was released this morning in Asia which showed that deflation in the country is coming out of recession, and in general this can become a catalyst to restore interest in risk in the market. However the effect has not become apparent yet. Activity can be added by the daily news on Europe and GermanyMost likely the pair EUR/USD will not go beyond the range of 1.3280-1.3450 on Friday trading session.
