EURUSD appreciated by 0.13 percent while EURINR depreciated by 0.07 percent during the same time frame. Euro zone CPI came in line with market expectations at 1.2% for Apr’18.
GDP data from Euro zo ne came in line with market estimates at 0.4% for Q1 2018. Also, rising political uncertainties in Italy where populist parties have jostled to forge a common platform in a bid to lead the next government, have been a major drag on Euro in the past week. There was no major data from Euro zone yesterday on account of Bank Holiday.
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