EUR/USD: USD is strengthening, amid positive expectations
The pair EUR/USD is traded downward at the Forex currency market on Wednesday morning, continuing to slide down, the same as last night.
By 9.40 MSK the Euro is at 1.4435 against yesterday’s closing level of 1.4440.
According to the minutes of the meeting of the Federal Reserve in August, which was made public last night, Committee discussed the issue of QE3 as part of a solution to support national economy. The document showed that split of opinions still preserved in the Federal Reserve.
The USD was supported by the publication – investors believed that the camp of “hawks” in the FR was reinforced by new members.
A lot of U.S. news is scheduled for the release this afternoon which can influence on the balance of power in the major pair.
Most likely the pair EUR/USD will not go beyond the range of 1.4405-1.4520 at the trading session on Wednesday.
