EUR Trading Outlook (30-06-2011)
The Euro (EUR) highs were seen in Europe above 1.4400 but the market was volatile after the vote with concerns that a debt rollover would be still a credit event. The market was strong into the US close though and near day highs with stock markets enjoying a strong rally. Overall the EUR/USD traded with a low of 1.4327 and a high of 1.4486 before closing the day around 1.4445 in the New York session. Looking ahead, May Retail Sales forecast at 0.5% vs. 0.6%. June Unemployment Rate forecast at 7% vs. 7% previously.
Back to EUR Trading Outlook Archive
