EUR Trading Outlook (30-12-2011)

The Euro (EUR) with bond auctions failing to sell the full allotment the market sold EUR/USd down to 1.2860 supports before reversing with positive US stocks and profit taking ahead of the last trading day of the year. Some support was also seen from reports that Eurobonds are still an option in the future if the right changes are made to the EU treaty. Looking ahead, no data today.

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