2011-12-13 08:46:00

At the Forex currency market the pair EUR/USD stands still on Tuesday morning after yesterday’s collapse.

By 9.20 Moscow time the Euro is at 1.31890 against yesterday’s closing level of 1.3189.

Agency Moody's announced on Monday that they are going to review ratings of all sovereign issuing banks in the EU early next year largely due to the fact that Europe practically does not have measures for financial stability in the short-run prospects. This in its turn can mean that Eurozone and European Union are not secured from financial shocks.

A meeting of the U.S. Federal Reserve will start today; interest rate is going to be left unchanged; however the regulator’s comments about the increase in transparency of his work might be of interest 

Nevertheless, the developments in Europe are still in the focus of the market.

Most likely the pair EUR/USD will not go beyond the range of 1.3150-1.3250 at the trading session on Tuesday.