Forex Market News

Sell EURINR; Target Of 71.05

EURO trading at 1.0404 Eurozone Manufacturing PMI data came for the month of December stand at 54.9 which has met the estimates. We do not have any major news from the Eurozone for today and we have the ISM Manufacturing PMI data from the US which was reported late yesterday. We have Germany’s unemployment data is at – 17K against the estimate of – 5K. The pair likely to consolidate.
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