Last week's trading was mostly characterized by the sharp change of trends in the market. The most notable trend reversal was of the Euro, which dropped during the beginning of the week, just to bounce back later on, due to speculations of a Greek rescue plan. The main question for this week's trading is whether the Euro will continue to recover, or will the EUR/USD pair will reach a new low.

Summary

USD - Dollar Advances on Positive U.S. Economic Data

EUR - Speculations of Rescue Plan for Greece Boosts the Euro

JPY - Yen Slides against the Majors

OIL - Oil is traded for over $80 a Barrel

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