EUR Trading Outlook (12-02-2013)

The Euro (EUR) EUR/USD grinded higher from 1.3360 to 1.3410 lifted by EUR/JPY buying. There were lots of Euro FX comments overnight but the most prominent was ECB Weidmann stating latest indicators didn’t signal a serious overvaluation of the Euro. The German FinMin backed this up stating the market should set FX rates and the G20 should stick to the agreed line against manipulation.

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