Forex analytics of LiteForex of 28.10.2010: the euro recovers against the background of returning interest in risks

On Thursday morning in the currency market (forex) the EUR / USD pair recovers after a decline the day before because at the end of the week players are waiting for important publications on the USA; the activity against the dollar declines before these publications.

By 10.15 MSK EUR costs 1.3819 against the yesterday’s market close level of 1.3769.

In the morning EUR is supported by the optimism of Asian capital markets where the Bank of Japan kept the rate in the target range of 0-0,1% and the RBNZ didn’t change its rate keeping it at the level of 3%.

Economists say that recovery is going in the different parts of the world which reinforces the interest of players to take risks and thereby moves the dollar aside as a defensive currency.

The data on the business climate index in the Eurozone in October and the number of applications for unemployment benefits in the U.S. for the week will be interesting for players today.

Most likely the pair EUR / USD will bid on Thursday within the range of 1.3770-1.3980.

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