The Euro (EUR) was well supported on dips with the panic leaving the market and stocks rallying. September PMI services fell to 48.8 vs. 49.1 previously. August Retail Sales fell -0.3%m/m as forecast. Sentiment was helped by German Chancellor Merkel comments her government was ready recapitalize banks if needed. Looking ahead, ECB Interest Rate Decision forecast to hold at 1.5% and Press Conference from President Trichet.
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