EUR Trading Outlook (22-09-2011)
The Euro (EUR) initially rallied throughout the European session and early part of US trading, before spiraling from levels near 1.3800 to lows of 1.3555 as US equity markets turned aggressively south. Ongoing concern of Greece defaulting, and reports from the IMF that European banks had credit risk of up to 300 Billion euros, in light of current environment, continue to pressure the single currency.    
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