USD/EUR Outlook, 2012

The Euro finally rose against the US Dollar shortly after reaching a 16-month low against the Dollar. The markets today eagerly anticipate the meeting between the German Chancellor Angela Merkel and the French President Nicolas Sarkozy during which they will work on the “fiscal compact”. The meeting is to prepare the EU summit scheduled for January 30th which shall reveal ways to boost the EU economic growth. Before the meeting even takes place, the Euro demonstrated gains against the Dollar as it climbed up to $1.2761. Yet, however, further declines…

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