EUR Trading Outlook (29-09-2011)

The Euro (EUR) the EUR/USD fell from the 1.3600 to 1.3520 in late US session before stabilizing at lows. The lack of progress on the Greece debt deal and talk of a European financial tax is creating risk off trading environment as a solution is searched for. Looking ahead, September German Unemployment forecast at -8k and the Unemployment rate remained at 7.0%.

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