Forex Market News

Euro Currency Spot Traded Higher

The Euro currency spot traded higher by 0.56 percent (EURUSD) and 0.51 percent (EURINR) mainly due to weak US Dollar Index. On the domestic front, robust release of economic datasets from the zone like manufacturing and service PMI data has infused positive sentiments in the markets thereby boosting the demand for the shared currency.
A 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 which restricted sharp gains. Today, EURINR spot is expected to trade higher owing to weak DXY.
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