EUR Trading Outlook (03-12-2010)

The Euro (EUR) was strong after talk in the market that the ECB was buying Portuguese bonds aggressively and the ECB announced it was delaying his exit from emergency liquidity after they held rates at 1.0%. EUR/USD traded with a low of 1.3059 and a high of 1.3249 before closing at 1.3206. Looking ahead, October Retail Sales are forecast at 0.2% vs. -0.2%.

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