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EUR/USD: Euro begun to go down
The pair EUR/USD is traded downward at the Forex currency market on Tuesday morning.
By 9.30 Moscow time the Euro is at 1.3160 against yesterday's closing level of 1.3189.
The Euro is being sold out after the information that Moody's agency has downgraded ratings of Spain, Italy, Portugal, for one notch and preserved "negative' forecast. At thesame time, forecast for ratings of Great Britain, France and Australia havebeen revised downward.
According to the agency it is getting more difficult for the European countries to withstand local negative factors.
A lot of macro-statistics is scheduled for release today; therefore market will have alternatives for movement.
Most likely, the pair EUR/USD will not gobeyond in the range of 1.3110-1.3250 at the trading session on Tuesday.