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EUR/USD: Euro is waiting for Greek decisions
The pair EUR/USD is traded downward at the Forex currency market on Monday.
By 8.15 MSK the Euro is at 1.3177 against closing level of 1.3218 on Friday.
Investors are making use of the news from rating agency Fitch, which downgraded sovereign ratings of five European countries- Cyprus, Italy, Spain, Slovenia and Belgium at the end of last week. Rating of Ireland remained at the previous level, forecast for all ratings is "negative".
At the same time, Greek issues are still unsettled. Although monetary politicians of different levels tried to give players a hope that the problem with the coupon rate for new bonds of the country and a number of technical details are about to be resolved, solution has not been yet made public.
Therefore, markets still maintain in suspense about Greece.
Most likely, the pair EUR/USD will not go beyond the range of 1.3110-1.3250 at the trading session on Monday.