The US dollar weakens today based on the optimistic market view with regards to a global recovery. Speculation on the ECB meeting on Thursday combined with encouraging US economic numbers should slow down the rise of the Euro.
Trade of the day:
EUR/USD will not touch 1.4 between now and the 04/02/11 (3 days). This trade offers a return of 23%.
This is valid for today and Tomorrow only (unless the Euro gains too much tomorrow).
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