EUR Trading Outlook (05-10-2010)

The Euro (EUR) the Euro jumped at the Asian open before falling steadily for the rest of the day on a combination of weak US stocks and Eurozone Austerity concerns. October Sentix gained to 8.8 vs. 7.6 previously. EUR/USD traded with a low of 1.3665 and a high of 1.3810 before closing at 1.3680. Looking ahead, August Retail Sales are forecast at 0.2% vs. 1.1% previously.

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