EUR/USD: Euro continues to lose positions

The pair EUR/USD is traded downward at the Forex currency market on Tuesday morning

By 9.10 the Euro is at 1.3605 against yesterday’s closing level of 1.3625.

Yesterday Italy offered to the market five-year bonds in the volume of 3 billion euro and the yield immediately skyrocketed to the highs of 14 years, to 6.29%. The yield of the securities at the previous auction in October amounted to 5.32%.

Other Italian debt securities which have been traded in the market earlier also demonstrated the rise in yield on Monday. This Thursday, Spain is also going to offer government bonds.

Therefore, investors do not believe in Italian plans to resolve debt problems promptly.

Today investors will also watch over coming macro-statistics

Most likely, the pair EUR/USD will not leave the range of 1.3580-1.3680 at the trading session on Tuesday.