EUR Trading Outlook (09-08-2012)

The Euro (EUR) the EUR/USD is pushing back towards 1.2400 in gentle but bullish trade as hopes rise the ECB have the Euro crisis under control. News emerged overnight that the Troika inspectors will remain in Greece all of September and that the decision to give more aid will be made in October. Germany’s rating was confirmed at AAA by Fitch and helped to underpin the move higher.

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