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The pair EUR/USD is traded slightly downward at the Forex currency market on Wednesday morning, the news about rating downgrade of Portugal prevents to continue yesterday’s recovery.

By 10.00 Moscow time the Euro is at 1.3985 against closing session level of 1.3997 yesterday.

It became known today that rating Moody’s Investor Service has downgraded rating of Portugal by two degrees, to A3 from the previous A1, leaving the “negative” forecast.

The meeting of the U.S. Federal Reserve held yesterday did not bring any surprises: interest rate was left at the previous range of 0-0.25% per annum; regulator’s representatives confirmed the intention to keep the rate at the low levels for a long time, improving only the estimate of the U.S. situation
Release of radiation in Japan is still a threat to the Euro which can force the players to put assets into safe currencies.

Most likely the pair EUR/USD will not go beyond the range of 1.3920-1.4050 at the trading session on Wednesday.

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