EUR Trading Outlook (21-05-2012)
The Euro (EUR) shrugged off incessant downward pressure in late trade on Friday as leaders of the G8 re-iterated their commitment to maintaining Greece’s membership in the Euro Bloc. “We re-affirm our interest in Greece remaining in the euro zone while respecting its commitments”. Pro-growth statements ensured the single currency managed to bounce off 5 month lows of 1.2642 seen in Asia to end the trading week near 1.2768
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