EUR Trading Outlook (28-01-2011)
The Euro (EUR) pushed higher into the 1.3700 region as sentiment towards the single currency continues to improve with traders noticing CEB& rsquo s Bini-Smaghi comments that the recent rise in inflation is hard to ignore. EUR/USD traded with a low of 1.3635 and a high of 1.3760 before closing at 1.3730. Looking ahead, December M3 Money Growth forecast at 2% vs. 1.9% previously.
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