EUR Trading Outlook (12-09-2011)

The Euro (EUR) articles emerged talking about German officials looking to sure up local banks in the event that Greece goes bankrupt. EUR/USD slumped under 1.3700 with little support from crosses except the EUR/CHF which continued to hold above 1.2000. August German CPI increased to 2.4% vs. 2.3% previously. Looking ahead, Italian Industrial Production forecast at 0.2% vs. -0.6% previously.

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