EUR Trading Outlook (28-10-2010)

The Euro (EUR) suffered from the resurgent USD falling steadily all day hitting lows in Europe on French Terrorism fears and residual Greece/Portuguese Debt Concerns. EUR/USD traded with a low of 1.3733 and a high of 1.3880 before closing at 1.3775. Looking ahead, October German Unemployment is forecast at 7.4% vs. 7.5% previously.

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