EUR Trading Outlook (22-05-2012)
The Euro (EUR) staged a revival on Monday as sentiment improved following a pledge by the G8 leaders to rejuvenate the global economy and preventing a breakup of the euro zone. Boosted by bargain hunters and a rally in regional stocks, the single currency rallied off day lows near 1.2725 to close above 1.2800, aided by Greece’s Political calamity taking a back seat for a change.
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