EURO: The Euro Currency is highly dependent on financial and political news, however the realization that the Greek debt problem may not disappear without a debt cut or outright bankruptcy will keep the pressure on the currency. A test of 1,30 versus the dollar during this week is likely. This price outlook is underlined by a currently clearly positive Dollar outlook.
OIL: Another Nymex break of $80,00 keeps the outlook for oil at least short-term bearish. The general weak economic projections for 2012 may have added to this price development. Volatility remains high.
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