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EUR Trading Outlook (06-02-2012)

The Euro (EUR) fell post US jobs number with the disparity between the two economic recoveries becoming more evident. The other issue is concern that the Greece politicians are facing too much pressure from their people to accept tough new additional austerity measures and as the deadline approaches the chances of default and Greece leaving the EU are increasing. A decision is expected today from the Greece parliament. Looking ahead, December Industrial Orders forecast at 0.9% vs. -4.8% previously.

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