The Euro (EUR) ended the week on the back foot as the Portugal issue festered and refused to go away with many pricing in a bailout over the next couple of weeks. March German IFO fell slightly to 111.1 vs. 111.3 previously. Overall the EUR/USD traded with a low of 1.4052 and a high of 1.4193 before closing the day around 1.4063 in the New York session. Looking ahead, ECB President Trichet speaks.
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