Forex Market News

EURINR Traded Lower By 1.06 Percent

German deputy finance minister commented on not granting bailout deal to Greece as that would involve creditors taking a loss on their loans. The European negotiating team, in practice led by Germany, argue that the problem is not the size of Greece’s debts but the country’s slow growth and failure to reform.
The Opinionway poll showed the anti-Europe, anti-immigrant candidate Le Pen getting 26 percent of vote in the 1st round of French presidential election followed by Macron 22 percent and Fillon 21 percent.
From a weekly perspective, EURINR spot (CMP-70.51) is expected to trade lower towards 69.50 mark as Brexit negotiation month looms closer. Moreover, the ECB bond buying programme committing to shorter duration where the supply of eligible bonds is shrinking will add to the woes.
For Quick Trial – 8962000225 ✔
or mail us here:
✆ – 0731-6626222 | Toll Free – 1800-3010-2007
Give a Missed Call for Free Trial – 09699997717

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s