EUR/USD: Euro declines in mid-week

The pair EUR/USD is traded downward at the Forex currency market on Wednesday morning, concerns about problems in the Eurozone’s peripheral countries are in the forefront again for investors.

By 10.40 Moscow time the Euro is at 1.3272 against closing session level of 1.3307 yesterday.

Nothing fundamentally new happened in the market – the Minutes of the U.S. Federal Reserve of 14 December, released yesterday confirmed that outlooks have not improved much enough to change the volume of government bonds redemption in the market.

Stability in the views of the FR can be in advantage of the interest in risk; however purchases have not started yet.

Ireland did not make traders happier this morning when unfavourable PMI data in the service sector was published, which accelerated sales of the major pair

Today producer price index in Eurozone will become known; in the afternoon traders’ attention will be focused on the ISM services data in the U.S. as well as statistics on oil and oil products reserves.

Most likely that pair EUR/USD will not go beyond the range of 1.3200-1.3350 at the trading session on Wednesday.