EUR Trading Outlook (20-10-2010)
The Euro (EUR) slipped on Tuesday&rsquo s decision by the PBOC to increase interest rates. In similar fashion to US Share markets, the decision by China also saw a negative day in Euro share markets, down from six month highs. In local news, the German ZEW survey added to the Euro&rsquo s woes as sentiment fell for the sixth consecutive month to -7.2. As a result the Euro eased from highs of 1.4003 seen in early Asia, to trade with a low of 1.3721 before closing the day at 1.3728. German PPI scheduled for release on Wednesday.
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