Euro currency, in the international market traded higher by 1.04 percent in the last week owing to lower DX. Moreover, the World Bank reduced the growth forecast of Euro area to 1.5 percent from previ ous 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 subseque nt Greek debt crisis. In today’s trading session, EURINR is expected to trade lower a s lack of important economic datasets from the Euro area will keep the trading volumes a bit light.
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