EUR Trading Outlook (30-09-2010)

The Euro (EUR) fresh year highs above 1.3600 were seen as the Euro rally continued. Widespread Strikes in Europe did little to halt the March with sellers struggling to absorb the Dollar selling. EUR/USD traded with a low of 1.3565 and a high of 1.3648 before closing at 1.3600. Looking ahead, September German Unemployment is forecast at 7.6% with a change of -20k. September Inflation forecast at 1.8% vs. 1.6% y/y.

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