The Euro gained by 0.1 percent in the last week taking cues from statement from European Central Bank (ECB) President Mario Draghi that central bank may start broad based asset purchases if the inflation scenario worsens in future. Further, favorable economic data from the region supported an upside in the currency.
Additionally, weakness in the DX acted as a positive factor. The Euro touched a weekly high of 1.3854 and closed at 1.3831 on Friday.
Belgian National Bank of Belgium (NBB) Business Climate slipped by 4.6 points in April from earlier drop of 4.4 points in last month.
In today’s trade, the Euro is expected to trade on a mixed note on the back of statement from ECB President Mario Draghi that asset purchases is possible in future if inflation scenario worsens will support an upside in the currency. While on the other hand, weak market sentiments coupled with strength in the DX will act as a negative factor.
www.punjiniveshonline.com
www.punjiniveshonline.com
Additionally, weakness in the DX acted as a positive factor. The Euro touched a weekly high of 1.3854 and closed at 1.3831 on Friday.
Belgian National Bank of Belgium (NBB) Business Climate slipped by 4.6 points in April from earlier drop of 4.4 points in last month.
In today’s trade, the Euro is expected to trade on a mixed note on the back of statement from ECB President Mario Draghi that asset purchases is possible in future if inflation scenario worsens will support an upside in the currency. While on the other hand, weak market sentiments coupled with strength in the DX will act as a negative factor.
www.punjiniveshonline.com
www.punjiniveshonline.com
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