EURINR trading range for the day is 70.66-71.4. Euro gains as the dollar slipped as investors locked in gains after its rise last week on growing expectations of a U.S. interest rate hike later this month.
Euro zone inflation surged to a four-year high last month, zooming past the ECB’s target and piling pressure on rate setters to open talks. Germany’s private banking association (BDB) says Eurozone upswing means ultra-loose ECB policy no longer necessary.
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