The Euro traded on a positive note around 0.1 percent yesterday on the back of weakness in the DX. Further, upbeat market sentiments supported an upside in the currency.
However, sharp upside in the currency was capped due to German Buba President Weidmann statement that central bank will monitor forex moves closely and take appropriate steps if needed. The Euro touched an intra-day high of 1.3734 and closed at 1.3707 on Monday.
In today’s trade, the Euro is expected to trade on a positive note on the back of weakness in the DX. Further, upbeat market sentiments will support an upside in the currency.
Expectations of favourable economic data from the region will continue with positive movement in the currency.
www.punjiniveshonline.com
However, sharp upside in the currency was capped due to German Buba President Weidmann statement that central bank will monitor forex moves closely and take appropriate steps if needed. The Euro touched an intra-day high of 1.3734 and closed at 1.3707 on Monday.
In today’s trade, the Euro is expected to trade on a positive note on the back of weakness in the DX. Further, upbeat market sentiments will support an upside in the currency.
Expectations of favourable economic data from the region will continue with positive movement in the currency.
www.punjiniveshonline.com
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