EUR Trading Outlook (27-09-2011)
The Euro (EUR) rallied throughout much of Monday, aided by a rally in European share markets on speculation that further attempts would be extended to address the regions debt crisis. Reports circulated via CNBC that EU Officials were in advanced discussion of expanding the EFSF in order boost bank capital. The Euro set a new 7 month low in the Asian session trading at a 1.3364 before rebounding toward a day high of 1.3542. On the data front, fell to a 15 month low of 107.5 from the previous 108.7.      
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