EUR Trading Outlook (03-01-2012)
The Euro (EUR) the Euro kept to a 50 pip range with slow movement for most of the day. The ongoing Eurozone debt crisis is still the main story in the markets and more debt auctions this week could set the tone for the rest of the week and month. EUR/JPY broke below the key Y100 level as the USD/JPY slumped and is pulling the EUR/USD lower. Looking ahead, December Employment Change forecast at -10k vs. -20k previously. The Unemployment rate is forecast unchanged at 6.9%.
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