Euro currency traded higher by more than 1 percent yesterday as markets discount the recent robust release of economic datasets from the Euro-area which boosted the demand for the share currency.
Euro-zone’s inflation rate has surged to its highest rate in more than three years at 1.1 percent, driven by increased prices for energy, food, alcohol and tobacco. All the above factors will boost the demand for the shared currency i.e. EURINR which is likely to trade higher in today’s trading session.
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