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EUR/USD: Italian news weakened Euro
The pair EUR/USD is traded downward at the Forex currency market on Wednesday morning – investors are waiting for today’s statistics and tomorrow’s ECB meeting.
By 9.05 MSK the Euro is at 1.3312 against yesterday’s closing level of 1.3348.
Euro continues to be pressured by a set of factors including an unsettled Greece issue, debt problems in Eurozone and other weak European countries and risk aversion until some real decisions are taken.
As it became known today’s morning, Moody's rating agency downgraded Italy to A2 from AA2, outlook “negative”. This delivered another blow to the European currency.
Data on Services PMI in September will be released during today’s trading session in a set of European countries, then Eurozone’s Retail sales in August will be published.
Most likely the pair EUR/USD will not go beyond the range of 1.3150-1.3360 at the trading session on Wednesday.
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