EUR Trading Outlook (13-01-2011)
The Euro (EUR) The Euro recovered above 1.3000 and extended gains on easing Bond yields after good demand for Portuguese bonds overnight. Economic Data was also good with German GDP seen at 3.6%y/y in 2010 and November EU Industrial Production at 1.2% vs. 0.5% forecast. EUR/USD traded with a low of 1.2961 and a high of 1.3146 before closing at 1.3125. Looking ahead, ECB Rate Decision forecast to remain at 1.0% and speech from President Trichet.
Back to EUR Trading Outlook Archive
