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EUR Trading Outlook (30-07-2012)

The Euro (EUR) The EUR/USD moved to 1.2390 after reports that the ECB president will be holding talks with the German Central banks over the weekend. No news has emerged so far but it’s clear they would have discussed measures the ECB could announce on Thursday at their Interest Rate meeting. There has been some German opposition in using the ECB to help sovereigns as this was not its purpose when created instead it was created to fight inflation.

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