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EUR/USD: Euro strives for recovering
The pair EUR/USD is traded upward at the Forex currency market on Tuesday morning.
By 9.15 MSK the Euro is at 1.2727 against yesterday's closing level of 1.2664.
Market has regained very fast from the news about mass downgrade of the rating of large European countries by agency S&P and is restoring positions now. At the same time, players today has ignored information that the agency lowered long-term credit rating of the EU Financial Stability Fund down to AA+.
Traders rely on the successful in general auction of France which was held yesterday; despite downgrade of the rating inthe country from the highest level of AAA, the yield of bonds fell.
American investors will be back in the market today; therefore activity is going to rise up in the afternoon.
Most likely the pair EUR/USD will not gobeyond the range of 1.2680-1.2790 at the trading session on Tuesday.