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EUR Daily News

Euro Attempts to Maintain Gains on Dollar and Yen

Thursday, 11 Mar 2010

With risk taking apparently on the rise, the Euro is currently capitalizing on the global economic climate and maintaining its gains against its major rivals. The Euro was bullish throughout the day yesterday, and faired particularly well against the Yen. EUR/JPY, up over 100 pips from this time yesterday, is currently trading around the 123.19 level. Comments yesterday from European officials regarding Greece gave the impression that the current debt crisis may finally be coming to an end.

Today, there are no significant Euro news events. Still, that does not mean that Euro pairs will not see some activity in trading today. The British Consumer Inflation Expectation Report as well as the Swiss short-term interest rate report will likely lead to volatility for both the EUR/GBP and EUR/CHF pairs. Traders will want to pay particular attention to the Swiss report, as CHF has been performing fairly well against the Euro as of late.

Current Time: 02/13 23:50 GMT
# Time $€£¥ Event Per. Prev. Fore. Act. Imp.
03/11
07:45EUR+ French Final Non-Farm Payrollsq/q-0.4%-0.4%-0.1%1
07:45EUR+ French Gov Budget Balance-138.0B--9.2B1
09:00EUR+ ECB Monthly Bulletin***3
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