EUR Trading Outlook (24-11-2011)
The Euro (EUR) fell against the greenback, led by Industrial Production falling plunging 6.4% for the month of September, an indication of a stagnate economy. The Euro was not aided by a dour 10yr German bond auction which fell short of market expectation, only raising 3.6Bln Euro, emphasizing a negative outlook that core euro nations were now under threat. The Euro eased from 1.3480 to 1.3320, the lowest level seen since October 6.
Back to EUR Trading Outlook Archive
