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News > News Detail

Euro Outlook Remains Bearish, Eyes 2010 Low On Bets For ECB Rate Cut

By David Song, Currency Analyst

12-07-2012

The flight to safety gathered pace on Thursday amid the ongoing turmoil across the world economy, and market sentiment may deteriorate further as the sovereign debt crisis continues to dampen the outlook for global growth.

Date

Time

Currency

Impact

Detail

Actual

Forecast

8-Oct

02:00

EUR

German Trade Balance

18.3B

15.8B

16.1B

8-Oct

02:00

EUR

German WPI m/m

N/A

0.4%

1.1%

8-Oct

03:15

CHF

CPI m/m

0.3%

0.0%

8-Oct

04:30

EUR

Sentix Investor Confidence

-22.2

-20.6

-23.2

8-Oct

06:00

EUR

German Industrial Production m/m

-0.5%

-0.7%

1.2%

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Syrmbol	Bid	Ask

EURUSD	1.2848	1.2850
GBPUSD	1.5144	1.5146
USDJPY	102.79	102.81
USDCHF	0.9709	0.9711
AUDUSD	0.9776	0.9778
USDCAD	1.0279	1.0281
EURGBP	0.8482	0.8486
EURJPY	132.06	132.10
EURCHF	1.2473	1.2477
GBPJPY	155.64	155.72
GBPCHF	1.4701	1.4709
XAUUSD	1377.00	1377.50