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The pair EUR/USD declines at the Forex currency market on Thursday morning- investors started to pay attention to debt problems of Eurozone again.
By 9.15 Moscow time the Euro is at 1.4277 against yesterday’s closing level of 1.4322.

Italy explained yesterday that crisis is undergoing not only in the economy of Italy but in the global economy, they also stressed that rate of reduction in budget deficit in Italy is higher than in the most other countries and government is making all efforts to combat budget deficit. However, if markets were slightly reassured by this speech of Berlusconi, the following information did not give rise to any joy: rating agency Moody’s downgraded rating of Athens to the next “rubbish” level of Caa3 from the previous level of Caa1.

Meanwhile, sales of the Euro are restricted by negative U.S. statistics.

Today, investors are waiting for the outcomes of the meeting of the European central Bank which is going to announce its decision on the interest rate and will report economic outlooks. Additional pressure on the trading floors is exerted by the resumed talk of the possible QE3 in the U.S.

Most likely the pair EUR/USD will not go beyond the range of 1.4200-1.4350 at the trading session on Thursday.

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