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EUR/USD: Euro easily reached the lows of the year
The pair EUR/USD is traded downward at the Forex currency market on Thursday morning in response to deterioration in the external background.
By 9.25 Moscow time the Euro is at 1.2889 against yesterday's closing level of 1.2937.
The reason for sales of the European currency was Italian auction taking place these days: the yield of securities is grow ingrapidly.
In addition, investors feared of the sharprise in the balance of the European Central Bank; although final index was lower than the forecast by 239 billion euro. Taking into account that the regulator held a three-year auction recently, growth of the balance is not surprising; however reaction of the market proved to be strange.
Today there will be another volatile session at the end of the year.
Most likely the pair EUR/USD will not gobeyond the range of 1.2865-1.2950 at the trading session on Thursday.