EURINR - Ways2Capital

EURINR trading range for the day is 79.5-80.66.Euro dropped as the dollar hovered near a four-month high continuing to draw support from higher Treasury yields and upbeat prospects for the U.S. economy.

Pressure seen on euro in the wake of weaker-than-forecast data on German industrial orders and euro zone investor sentiment.

The soft economic indicators added to already shrinking expectations of the European Central Bank raising interest rates any time soon.

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