Forex Market News

Euro Currency Traded Higher

Euro currency, in the international market traded higher by 0.40 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. However, the shared currency is likely to trade lower in today’s trading session; all thanks to US Dollar Index strength.
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