EUR/USD: Euro decides on external catalysts

The pair EUR/USD stands practically still at the Forex currency market on Tuesday.

By 9.05 MSK the Euro is at 1.3527 against Monday’s closing level of 1.3532.

According to CNBC data, European regulators actively discuss the possibility of setting up a new company – SPV – that will buy bonds of the countries injured by debt crisis. 

For this to come into action a special EFSF mechanism should be used, that will be able to issue its own bonds if needed. The main aim of the plan is to loosen pressure on burdened with debt Eurozone countries.

Still investors have no exact opinion how to react on such initiatives and if it’s going to be another not working scheme.

In the midday traders will keep an eye on the Consumer confidence statistics from USA.

Most likely the pair EUR/USD will not go beyond the range of 1.3480-1.3580 at the trading session on Tuesday.