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Euro Steadying Just Below $1.10 Mark; US Inflation In Focus

Published on Jan 11, 2024 15:41

Euro is steadying just below $1.10 mark on Thursday as dollar is cautiously awaiting US inflation data due later in the global day. Investors brace for key US inflation data that could influence the outlook on Federal Reserve monetary policy. The dollar index reversed losses and are edging up above 102 mark during the European session, adding pressure on euro. EURUSD is currently seen quoting at $1.0993, down 0.07% on the day. The dollar index is staying marginally up at 102.11. On the NSE, EURINR futures are staying in the positive terrain at 91.12, up 0.07% on the day.

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