The Euro continued to weaken versus the Dollar as U.S Consumer Confidence came out unexpectedly lower than expected reducing the demand for the Euro. European Consumer Confidence came out -19 better than -21 forecast and -22 prior. Overall EUR/USD traded with a low of 1.4527 and a high of 1.4645. Today, the European Flash CPI estimate is expected unchanged with -0.2%. ECB's President, Trichet, will speak today at the Eurofi Financial Forum in Gothenburg.
EUR/USD - Last: 1.4620