The Euro (EUR) was able to rally after solid support was found under 1.3500 on talk of sovereign buying. EUR/JPY pushed above Y113 and is well position for more gains as the USD/JPY builds strength. Overall the EUR/USD traded with a low of 1.3461 and a high of 1.3590 before closing the day around 1.3560 in the New York session. Looking ahead, December Current Account forecast at -4bn vs. -11bn previously.
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