Euro continue to rise

Thursday, April 30, 2009

The Euro (EUR) continued to rise rapidly as sentiment improved and Eurozone confidence improved. Of concern was German GDP Growth was downgraded to -6.0% vs. -2.25% initially. The pair rallied to above 1.3300 before easing into the US close.

“Overall the EUR/USD traded with a low of 1.3122 and a high of 1.3340 before closing at 1.3260,”

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