The pair EUR/USD looks stable at the Forex currency market on Thursday morning after a significant slump yesterday.
By 9.35 Moscow time the Euro is at 1.3228 against closing session level of 1.3213 yesterday.
The reason for another sale of the Unified European currency became the news background in Eurozone. Yesterday Moody's has submitted Spanish rating for revision and possible downgrading, which evoked a new wave of risk aversion at Forex. In addition, the last placement of Spanish government bonds this year is expected, therefore market is discussing the possibility that the country will appeal for aid, following Greece and Ireland.
A lot of macro-statistics is scheduled for publication today – data on European counties in the morning and indicators on new houses sales and data on the U.S. unemployment benefit requests in the afternoon.
Most likely the pair EUR/USD will not go beyond the range of 1.3160-1.3390 at the trading session on Thursday.
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