Forex Market News

Euro Traded Higher By 0.32 Percent

Euro traded higher by 0.32 percent (EURUSD) and 0.59 percent (EURINR) in the last week after the EU officials urged Greece and its lenders to conclude a long-overdue bailout review quickly to safeguard economic recovery. Moreover, German finance minister commented that IMF should continue to participate in the bailout for debt-stricken Greece, despite the lender’s doubts on the issue.
EURINR is expected to trade sideways to higher as the anti-EU, antiimmigrant Marine Le Pen was seen winning the recent election polls. Ongoing Greece debt crisis will leave investors a bit cautious prior to decision making over bailout issues which is to happen today.
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