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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