The Euro (EUR) the rally took another leg higher on very strong German Industrial Orders at 3.4%m/m in August. The markets are not reacting to negative news as Fitch downgrading Irish Sovereign Debt only resulted in a small dip that was bought up to fresh highs. EUR/USD traded with a low of 1.3797 and a high of 1.3949 before closing at 1.3920. Looking ahead, ECB Rate Announcement forecast to hold at 1.0%.
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