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EUR Trading Outlook (11-09-2012)

The Euro (EUR) some negative headlines out of Germany regarding fresh court challenges to the new ECB bond plan and jitters over a court decision due tomorrow regarding the ESM. Traders have been waiting weeks for tomorrow’s ESM decision from the German Constitutional Court with a negative outcome severely impacting the crisis. Also of note is the EU/IMF Troika inspection currently underway in Greece. Any negative comments regarding Greece’s commitment to Austerity could prompt more speculation of them leaving the Eurozone.

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