The Euro (EUR) struggled even as stocks rallied with investors preferring other currencies while the debt situation lingers. German IFO did provide some good news up to 109.3 vs. 107.6 forecast. In other news a widely expected downgrade of Ireland of two notches had little effect. EUR/USD traded with a low of 1.3283 and a high of 1.3423 before closing at 1.3330.
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