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NEW YORK, Jan 19 (Reuters) The euro hit an eight Canada Goose Outlet week high against the dollar on Wednesday on growing hopes euro zone officials will navigate the sovereign debt crisis, with further gains seen if key levels are sustained.

Reports canadian goose jacket of Asian sovereign buying and continued short covering pushed the single currency above $1.35, a key technical level. Comments on Greece debt woes caused it to briefly fall below this threshold in New York trade.

canada goose clearance German government economic adviser Lars Feld was quoted saying Greece will not be able to repay its international debts canada goose uk shop in full and Germany must set aside funds for that Canada Goose Jackets eventuality, IFR uk canada goose Markets reported. canada goose clearance

buy canada goose jacket The euro, shared by 17 countries, climbed more than 1 percent to hit an eight week high of $1.3538 buy canada goose jacket

Officials in Canada Goose Coats On Sale Germany finance ministry are working on Canada Goose Online contingency plans to handle fallout in case Greece defaults or needs to restructure its debt, cheap Canada Goose sources with direct knowledge of the matter said. [nLDE70I158]

Canada Goose Jackets risk aversion canada goose coats on sale fears that drove so much of EUR/USD selling over the past few months have eased considerably as uk canada goose outlet periphery economies canada goose store have been Canada Goose sale able to stage a series of successful auctions over the past two weeks, said Boris Schlossberg, director of currency research at GFT in New York. Canada Goose Jackets

canada goose deals Hopes policymakers would prevent the spread of a debt crisis that has engulfed Greece and Ireland caused the euro to outperform the dollar in seven of the past eight trading sessions, with gains at about 0.80 percent so far this year. canada goose deals

canada canadagooseuk goose are very impressed with the determination of European officials and are expecting them to successfully deal with the sovereign debt crisis, said Steven Englander, head of G10 strategy at CitiFX in New York. canada goose

canada goose coats ramped up rhetoric is having an impact, but that tends to be temporary. So at some point in the first quarter, investors are going to be Canada Goose online looking to canada goose clearance sale see if this determination translates into concrete action, he canada goose coats added. canada goose coats

Canada Goose sale Front end euro/dollar volatility has remained subdued in the last few canada goose clearance days, settling between the 12.0 percent to 13.0 percent range. Canada Goose sale

canadian goose jacket On Wednesday, one month volatility on the currency pair traded at 12.55 percent EUR1MO=, sliding from as high as 14.0 percent at the beginning of the year. canadian goose jacket

Canada Goose Outlet Current levels suggested options investors have become less nervous about the debt crisis and do not expect any major hiccup in the region over the next 30 days. Canada Goose Outlet

Canada Goose Parka For a buy canada goose jacket second straight day traders also cited significant covering of bearish euro/dollar trade structures and strong interest to sell euro/dollar volatility. Canada www.canadagooseuk.net Goose Parka

Comments from the European Central Bank last week, which highlighted near term inflation pressures, have sparked talk of an earlier than forecast rate rise.

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cheap Canada Goose Tom Fitzpatrick, head of technical analysis at CitifX in New York, said a close above $1.35 would indicate further upside for the euro over the next couple of weeks. cheap Canada Goose

Canada Goose online The euro next upside target lies at $1.3571, the 50 percent retracement of its November to January slide. It last traded at 78.543. Canada Goose online

Despite the euro gains, some analysts were concerned European measures to tame the debt crisis were stalling and may limit further euro gains.

canada goose black friday sale Investors have been encouraged over the past couple of days, however, as Russia joined China and Japan in expressing canada goose factory sale interest in buying new bonds from the European Financial Stability Facility rescue fund. canada goose black friday sale

canada goose store The euro briefly rallied to a one month high against the buy canada goose jacket cheap Swiss franc of 1.2994 francs EURCHF=R Canada Goose Parka ahead canada goose black friday sale of a press conference canada goose uk outlet by the Swiss government. Some traders speculated that officials may try to talk down the Swiss currency. canada goose store

buy canada goose jacket cheap It retreated after the economics minister said he was concerned about the currency strength, while adding that Swiss exporters were not yet in a crisis due to a strong cheap canada goose uk franc. [ID:nWEA2350] buy canada goose jacket cheap.

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