Forex Market News

EURINR

Euro is trading at 1.0530 , breaking below the 1.06 mark as the US dollar rallied in the aftermath of the US data . Policy divergence between the US and EU, and the impending political risk are driving the euro lower . Economic data was in reported better than expected but did little to help the euro . A break of 1.05 could drive the pair much lower and talks of parity with the dollar have already reemerged and could be the likely scenario in a few months time.
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