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Market move● Neutral for Indian equities
FOREX-Euro slides to 17-month low, hit by rates and inflation cocktail
The brief
- The euro fell to its lowest level against the dollar in over 17 months
- Political instability, rates and inflation weighed on the euro
- German inflation hits highest level in almost 3 years
- Inflation jumps across euro zone, raising pressure on ECB to hike
- Euro Falls to 16-Month Low as Hawkish Fed Bets Boost Dollar