EUR/USD: Euro started week with decline

The pair EUR/USD is traded downward at the Forex currency market on Monday morning after it favourable rise last Friday.

By 9.12 the Euro is at 1.3762 against closing level of 1.3754 on Friday.

As it became known last weekend, Italian Prime-Minister Silvio Berlusconi has left office and President of Italy Nepolitano appointed Mario Manti, a 68 years old economist, ex-member of European Commission.

Monti will have to do a hard job to implement a package of anti-crises measures in economy.

The day is going to be uneventful in terms of macro-statistics- only in the middle of the session investors’ attention will be drawn to the data on industrial output in Eurozone in Q3, which can affect the dynamics of the major pair.

Most likely, the pair EUR/USD will not leave the range of 1.3720-1.3810 at the trading session on Monday.