EUR Trading Outlook (16-11-2010)
The Euro (EUR) was under constant pressure with rallies sold as the market reacted to uncertainty around bailouts of both Ireland and Portugal as talks continue. September Trade Balance jumped to 2.4bn vs. -4.3bn previously. EUR/USD traded with a low of 1.3562 and a high of 1.3752 before closing at 1.3585. Looking ahead, November ZEW Current Conditions is forecast at 75 vs. 72.6.
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