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HISTORICAL DETAILS
% Change
1 Wk -0.15%
1 Month -0.67%
3 Months -3.31%
6 Months 5.35%
1 Year 10.34%
52 WEEK
High 1.4940
Low 1.2588
BLOOMBERG MEDIAN FORECASTS
Q2 2011 1.45
Q3 2011 1.43
Q4 2011 1.42
Q1 2012 1.41
DAILY DETAIL
The euro finished the overnight session modestly weaker, although well off session lows, as the major fell sharply during European trade. This came as traders once again focused their attention on Spanish and Italian concerns. After hitting a low of 1.4253, EUR/USD ground its way higher for the remainder of the session to close at 1.4331, and is currently trading around the same level. As mentioned above, everything over the coming days is going to centre on this US debt stalemate. As it stands, it looks like both Boehner’s and Reid respective plans are facing stiff opposition and will likely fail to get support from both houses. This will probably lead to some sort of amalgamation of the two plans over the weekend, before a crucial vote to try and get it passed. For the sake of global markets, let’s hope that Washington can put their differences aside over the weekend, and come up with a compromise for the greater good. Ben Potter, Australia
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