2011-12-08 08:30:00
The pair EUR/USD is traded in the narrow range on Thursday morning awaiting important developments in Eurozone.

By 9.10 Moscow time the Euro is at 1.3406 against yesterday’s closing level of 1.3401.

A two-day summit of the European Union will start today; it is expected that Germany and France will propose to Eurozone new mechanisms for resolution of the European debt problems in the region. In addition a meeting of the European Central Bank will be held on Thursday where interest rate can be lowered by 25 basis points to 1%.