Forex Market News

EURINR

Euro is trading at 1.1225 , trading near to the 1.12 mark after a brief stint at 1. 1185 in yesterday’s session . Euro appreciated marginally after the news that the German government would rescue deutsche bank .
ECB chairman Draghi spoke yesterday and continued to allay confidence about the current state of affairs and there was no mention of any additional stimulus . No major data from the EU today and the pair is likely to trade between 1.12 and 1.1250.
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