EURINR - Ways2Capital

EURINR trading range for the day is 79.91-80.66.

Euro gained shrugging off data showing an unexpected slowdown in euro zone inflation, as the dollar’s recent rally paused.

Euro zone inflation slowed to 1.2 percent year-on-year in April, down from 1.3 percent in March, and core inflation fell even more.

The European Commission forecast growth in the euro area to moderate mildly given the large carryover from its robust expansion at the end of 2017.

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