Forex Market News

Sell EURINR; target of 71.70

Euro is trading at 1.0633 , appreciating against the US dollar in yesterday’s trade after testing a low of 1.0525 . Weakness in the US dollar is the only reason for the appreciation as there was no data reported yesterday.
Economic sentiment data from Germany and Europe are the data that needs to be watched out for today. Expect a range bound trade before the key FOMC decision tomorrow.
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