EURINR trading range for the day is 73.57-73.86. Euro found support following a report that the ECB is likely to indicate in September that its quantitative easing program will be wound down next year.
Euro zone’s trade boomed in May with both exports and imports of goods to the rest of the world growing markedly, in a new sign that global commerce was in good health. The European Central Bank is likely to signal in September that its 2.3 trillion euros bond-buying program would be gradually wound down next year.
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