Monday, May 4, 2009

UniCredit: euro / dollar will continue to consolidate within a wide range

According to analysts of UniCredit, in the near future euro is likely to be traded within the familiar range, limited levels of 1.33-1.37. "The single currency will be supported on a trend to reduce flight risk. Also, it would benefit the ECB's decision to abstain from buying assets," - noted in the bank. On the morning trading session in Europe, the euro / dollar reached 1.3319, but at the root of the positions he was not able to and is now trading at 1.3270 area.

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