EUR Trading Outlook (15-02-2011)
The Euro (EUR) fell to 3 week lows as concerns about the rescue of a large German bank reigniting old fears. Focus is also remaining on Portugal the next in line for a bailout as debt costs continue to remain at crisis level for the small European country. Overall the EUR/USD traded with a low of 1.3427 and a high of 1.3560 before closing the day around 1.3490 in the New York session. Looking ahead, Q4 GDP forecast at 0.4% vs. 0.3% previously. Also released, German February ZEW survey forecast at 20 vs. 15.4,
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