The Euro (EUR) received a boost from the Irish PM Cowen who stated he was in talks with the IMF/EU for the best possible bailout package. The market opened strong on Monday morning on the back of these developments but follow through buying will require more concrete news. EUR/USD traded with a low of 1.3609 and a high of 1.3731 before closing at 1.3685. Looking ahead, ECB President Trichet speaks today.
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