The European shared currencyplummeted against majors after Moody's investor services said it put Spain's Aa1 debt rating under review for a possible downgrade due the large debt burden as the fourth-largest economy in the euro zone will need 170 billion euros next year.

Debt woes are still the major concern to European officials ahead of the EU summit starting tomorrow. European leaders will discuss measures to be adopted after the expiry of the 750 billon-euro package, announced in May, in 2013.

On the other hand, the dollar gained momentum for the second day against a basket of key currencies, as depicted by the dollar index which climbed to a high of 79.87 from the day's opening at 79.41.

Later in the day, eyes will be on US industrial production which is expected to rise to 0.3% in November from October's flat reading.

If the data showed improvement it will empower Bernanke's remarks yesterday in the FOMC meeting when he said the world's largest economy will continue to recover.

Yesterday, in the fed's first-day meeting, policy makers said they will leave interest rate at its current low level for an extended period while confirmed purchasing bonds worth $600 billion.

Concerning the euro-dollar pair, it fell on the daily basis after falling below support at 1.3367 which pushed the pair to visit a low of 1.3283 while the highest point was recorded at 1.3381.

The pair is currently trading at 1.3316, whilethe trading range for today is among the key support at 1.3270 and the key resistance at 1.3625.

Moving to the royal pair, it is showing a remarkable decline on the daily charts as it was pushed down yesterday when it hit strong resistance at 1.5875.

Today, gloomy unemployment data caused the pound to decline further as ILO unemployment for the three months ending October rose unexpectedly to 7.9% from the previous 7.7%. Also, jobless claims missed forecasts of 3.0 thousands decline in November to show 1.2 thousands drop only.

So far, the pair has recorded a high of 1.5770 and a low of 1.5671, while it is currently trading at 1.5683.

The trading range for today is among the key support at 1.5645 and the key resistance at 1.6000.

With regard to the dollar-yen pair, it advanced after the breakout of 83.70 critical level today which lifted the pair to a high of 84.06 while the day's low was seen at 83.58.

Meanwhile, the pair is trading at 83.98, whereasthe trading range for today is among the key support at 82.50 and the key resistance at 85.95.