EUR Trading Outlook (23-09-2011)

The Euro (EUR) was significantly weaker on ongoing debt concerns, with the euro easing from levels above 1.3580, to lows near 1.3380. A disastrous showing in euro stocks did little to boost confidence, with the German DAX down 5.0%, whilst the French CAC fell 5.2%. The Eurozone PMI release failed to boost sentiment, seen at 49.2, its lowest reading since July 2009. &nbsp

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