EUR Trading Outlook (21-12-2010)
The Euro (EUR) started the week under pressure as news flow continued to be negative with Moody& rsquo s placing 30 Spanish Banks on review for downgrade. Also concerning is analysts focusing on the French AAA rating and the possibility that it may be lost in 2011. EUR/USD traded with a low of 1.3093 and a high of 1.3185 before closing at 1.3130. Looking ahead, January Consumer Sentiment forecast at 5.7 vs. 5.5.
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