EUR Trading Outlook (14-09-2012)
The Euro (EUR) EUR/USD broke above 1.3000 at the height of the USD weakness overnight and has crept higher to 1.3030 in Asia so far on Friday. The market is now well and truly in an uptrend with the fears of the debt crisis crash well behind investors. Yields on Spanish and Italian bonds continue to fall and this is creating more confidence. While it is too late to call the crisis over it has definitely retreated from the spotlight.
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