The Euro (EUR) surged back to life gaining on the back of Strong Chinese GDP in Asia and the QE3 comments from Bernanke in the US session. The break above 1.4200 late in day is a stunning reversal from the depths seen on Tuesday. Overall the EUR/USD traded with a low of 1.3961 and a high of 1.4283 before closing the day around 1.4220 in the New York session. Looking ahead, June Inflation forecast at 2.7% y/y.
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