EUR Trading Outlook (09-03-2011)
The Euro (EUR) was in focus last night as traders sold the single currency on fresh EU debt fears and comments from S& P that a Greek default was possible. January German Industrial Orders up 2.9% vs. -3.6% previously. Overall the EUR/USD traded with a low of 1.3861 and a high of 1.3990 before closing the day around 1.3890 in the New York session. Looking ahead, January Industrial Output forecast at 1.8% vs. -1.5% previously.
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