EUR Trading Outlook (01-12-2011)
The Euro (EUR) rallied from lows of 1.3255 seen in Asia before news of unilateral central bank efforts to reduce dollar funding costs pushed the Euro to highs of 1.3530. In domestic stock markets, European shares also rallied sharply with the FTSE up 3.2%, whilst the DAX also surged 5.0% higher.
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