EUR Trading Outlook (20-12-2010)

The Euro (EUR) was doing well in Asia and Europe trading above 1.3350 until the Irish Downgrade sent the single currency plummeting to fresh lows on the week under 1.3150. December German IFO improved to 109.3 vs. 109.9 previously. EUR/USD traded with a low of 1.3134 and a high of 1.3358 before closing at 1.3181.

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