EUR Trading Outlook (18-02-2011)
The Euro (EUR) the Euro took advantage of the USD weakness to push back to 1.3600 and hold at the level into the close. EU Consumer Confidence increased to -9.9 vs. -11 previously in February. Overall the EUR/USD traded with a low of 1.3535 and a high of 1.3629 before closing the day around 1.3620 in the New York session. Looking ahead, January German PPI is forecast at 0.6% vs. 0.7% previously.
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