EUR/USD: Euro’s attempts to restore are still too weak

The pair EUR/USD is traded with a slight increase at the Forex currency market on Tuesday amid investors' expectations that Ireland will receive financial assistance from Eurozone.

By 10.20 Moscow time the Euro is at 1.3589 against closing session level of 1.3586 yesterday.

During Asian session the Euro's restoration had been more significant, however the news about another interest rate increase to 2.5% by the Korean Central Bank in order to prevent strong inflationary pressure had a negative

impact on the Euro. In addition, the official Dublin has not appealed to the European Union for help. However, Prime-Minister of Ireland Mr. Koyen stressed earlier that the country is prepared to discuss help issue to financial system of Ireland.

A lot of statistics will be published today - in particular, consumer prices index in Eurozone for October. Most likely the pair EUR/USD will not go beyond the level of 1.3550-1.3780 on Tuesday trading session.

 

 

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