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The pair EUR/USD is traded slightly upward at the Forex currency market on Friday morning, since the agency S&P has warned the U.S. about the possibility of ranking downgrade.

By 9.20 Moscow time the Euro is at 1.4168 against yesterday’s closing level of 1.4141.

After the publication of strong data on the U.S. employment market, the Euro had been corrected; however today it reverted to growth since the agency S&P announced the possibility of the downgrade in the U.S. ranking from the level of AAA, because decision on the upper limit of the government debt has not been taken. 

Yesterday, the head of the U.S. Federal Reserve Mr. Ben Bernanke said that possible rejection of the increase in the maximum allowable level of government debts by the authorities is suicide pact.

Not too much data is going to be made public today; the week will be finished with the publication of the U.S. macro-statistics.

 Most likely the pair EUR/USD will not go beyond the range of 1.4100-1.4200 at the trading session on Friday.

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