Euro course under 1,43 USD again

[Femi]

(http://ifcmarkets.com) After its yesterday's losses the euro marked against the greenback under the level at $1,43. the common European currency traded with 1,4289 dollar. The European Central Bank (ECB) has set its reference course at 1,4368 dollar on Monday.

The at last brightened macroeconomic data in the U.S. supported the dollar, said traders. On the market it is expected that the US Central Bank would lift its interest rates earlier then the ECB in the coming year. Higher interest rates could be made more attractive for investors.

News about rate cut of Greece by the rating agency Moody's from A1 to A2 led the eurodollar to testing of offers in the area at $1,4330 and made strong down correction. An effect of the news was not short. Getting support near the figure, the common European currency edged up. As a result the euro reached a fresh session high at $1,4332.

Dealers noted that the market expected to see Greece's rating cut on the last events, although some investors concerned about more serious rating cut, so from it, a strong influence on currency moves is not expected. Meanwhile, bull traders are showing interest in some reducing stored dollar positions before publication of a series of economic data from the U.S. and dealers do not exclude down rebound of the greenback.