EUR Trading Outlook (14-11-2011)
The Euro (EUR) lots of developments are supporting the EUR/USD rally after the crash earlier in the week on Italy debt crisis with the main support the heavy ECB buying in the debt markets. Also supporting was the passing of austerity measures in Italy and the formation of a new government to be led by former EU commissioner Mario Monti. Looking ahead, September Industrial Production forecast at -2.2% vs. 1.2% m/m previously.
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