Wednesday, September 30, 2009

Fundamental Outlook

The euro weakened vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.4525 level and was capped around the $1.4645 level. European Central Bank officials spoke about the economy today with member Constancio noting “There is still great uncertainty regarding the depth and sustainability of a global recovery, which has led some analysts to say it might be slower than is desirable.

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