EUR Trading Outlook (10-01-2011)

The Euro (EUR) Peripheral EU bond yields rose again on Friday with lingering concerns about debt contagion pushing the single currency below 1.3000. Q3 GDP fell to 0.3% vs. 0.4% previously. EUR/USD traded with a low of 1.2907 and a high of 1.3020 before closing at 1.2924. Looking ahead, January Sentix forecast at 11.25 vs. 9.7 previously.

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