Monday, November 28, 2011

Trade: EUR/USD

Well The EUR/USD is tracking higher early in New Zealand, helped by a speculation that that the IMF could offer Italy between EUR400 billion and EUR600 billion in financial support to give Italian Prime Minister Mario Monti a window of 12 to 18 months to enact reforms[Phew!!!!] sufficient to restore waning market confidence in Italy's ability to repay its debt.

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