EUR/USD: Traders’ attention is focused on the problems in Eurozone again
The pair EUR/USD is traded downward at the Forex currency market on Wednesday morning amid new portion of negative information from Eurozone.
By 9.50 Moscow time the Euro is at 1.3308 against closing session level of 1.3377yesterday.
It became known this morning that International Rating Agency Moody"s Investors Service has submitted rating of Spain, which is now at the level of Aa1. for review with the prospect of downgrade. It provoked a new wave of investor’s escape from risks, which immediately affected exchange rate of the major pair.
Yesterday the U.S. Federal Reserve left the interest rate unchanged in the target range of 0-0.25% per annum, the QE2 volume was also left unchanged (which is now $600 billion), this was the reason of pressure on the USD over the last two days.
Federal Reserve gave to understand that the rate will be kept at the low levels for a long time.
Therefore, investors’ attention shifted to the problems of Eurozone once again, which means that the Euro will go down again.
Most likely the pair EUR/USD will not go beyond the range of 1.3230-1.3450 at the trading session today.

