EUR Trading Outlook (31-01-2011)
The Euro (EUR) fell sharply on the Egyptian chaos which fueled heavy USD and CHF buying. Also weighing on the Euro Friday, more reports that German Officials are still reluctant to increase the EFSF.   EUR/USD traded with a low of 1.3584 and a high of 1.3746 before closing at 1.3605. Looking ahead, German January Inflation Flash forecast at 2.3% vs. 2.2% previously.
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