Euro currency, in the international market traded higher by 0.26 percent yesterday owing to lower DX. Moreover, the World Bank reduced the growth forecast of Euro area to 1.5 percent from previous forecast of 1.6 percent.
Despite the fractional reduction in growth, economic indicators of the Euro area points towards gradually recovery of the economy after enduring years of stagnant growth in the wake of the 2008 financial crisis and the subsequent Greek debt crisis. In today’s trading session, EURINR is expected to trade a bit higher as weakness in the American currency will give the shared currency a little boost.
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