FXstreet.com (C�rdoba) ? ?The near-term outlook for the Euro remains bearish and the single-currency is likely to face additional headwinds over the near-term as we expect the European Central Bank to cast a cautious outlook for the region,? said David Song, Currency Analyst at DailyFX speaking about the outlook for the Euro.

The deterioration of the economic activity and the ongoing turmoil in the banking system, could push Trichet to continue talking down speculation for higher borrowing costs, ?and the euro may threaten the rebound from July (1.3836) as interest rate expectations falter.?