Forex Market News

The Euro Currency Spot Traded Lower

The Euro currency spot traded lower by 0.12 percent (EURUSD) and 0.17 percent (EURINR) after a Dutch newspaper reported that EU is ready to take Britain to court if it does not agree on key issues such as the £50 billion ($62.4 billion) Brexit divorce bill.
Furthermore, the release of trade balance report showed that EU’s current account surplus narrowed to 15-month low. Fresh figures show the surplus fell to €24.1bn in January’17, down from a revised €30.8bn the previous month. Due to all the above factors, EURINR spot is expected to trade lower.
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