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EUR Trading Outlook (04-03-2011)

The Euro (EUR) surged towards 1.4000 after the ECB President Trichet talked up the centrals banks &lsquo vigilance&rsquo in fighting inflation. The prospect of rate rises as early as April sent the Euro higher even as this change of stance was widely expected. Overall the EUR/USD traded with a low of 1.3831 and a high of 1.3977 before closing the day around 1.3960 in the New York session. Looking ahead, ECB President Trichet Speaks again.

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