Akash Jha
ICICI Direct’s currency report on EURINR
As the dollar declines, the euro is likely to continue its upward trend. The minutes from the European Central Bank’s (ECB) hawkish meeting in June have bolstered expectations for further rate hikes. The odds favour an increase in EURUSD prices towards the 1.1270 level as long as the pair keeps trading above 1.1160. The EUR/NZD pair could find buying interest near 91.70, allowing for a push higher towards the 92.40 zone.
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