EUR Trading Outlook (21-10-2010)

The Euro (EUR) regained most of its losses on Wednesday as positive investor sentiment lifted the Euro back to pre-China rate hike levels. In domestic data, German PPI rose 0.3% in September slightly above expectations. The EURUSD traded with a low of 1.3699 a high of 1.3991 before closing the day at 1.3950. German PMI scheduled for release on Thursday.

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