EUR Trading Outlook (04-10-2010)

The Euro (EUR) the Euro rally continued with concern about the US QE2 making the Euro the best alternative. EUR/GBP showed the strength of the single currency testing 0.8700 with EUR/JPY testing multi week highs at Y115. EUR/USD traded with a low of 1.3620 and a high of 1.3783 before closing at 1.3778. Looking ahead, October Sentix forecast at 8 vs. 7.6 previously. Also released, August PPI forecast at 0.1% vs. 0.25 m/m.

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