EUR Trading Outlook (18-07-2012)

The euro (EUR) recorded gains against most of its major counterparts even as the German ZEW economic sentiment and current situation indices came out lower than expected. On other news, Greece remains under pressure to deliver additional spending cuts, while Finland achieved a collateral deal as part of the Spanish bank bailout. Versus the US dollar (USD), the single currency rose to 1.2295 from 1.2264.

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