EUR Trading Outlook (18-05-2011)
The Euro (EUR) The Euro spent most of the day in quiet trade but ended on a strong note with USD weakness across the board. The German ZEW current conditions improved to 91.5 vs. 87.5 forecast. The outcome for Greece& rsquo s debt crisis is still creating uncertainty. Overall the EUR/USD traded with a low of 1.4120 and a high of 1.4275 before closing the day around 1.4240 in the New York session.
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