Euro Lingers Under 90 Mark Against INR, Eurozone PMI Data In Focus

Published on Sep 01, 2023 13:24

The Euro is holding in a tight range around 1.0860 mark against the US dollar today as currency markets are getting ready for a barrage of PMI readings from the region. The EURUSD pair moved down from a two week high earlier this week amid tepid reading on inflation and tested near 1.0840 per dollar today. The movement in European equities is slightly bearish and overall mood is dull in the EURUSD pair. US will also release the critical non-farm payrolls data today and there is a possibility that the pair will move in a rangebound manner till then. On the NSE, the EURINR futures are quoting at 89.95, down 0.17% on the day. The counter dipped near 89.70 mark before edging up.