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ICICI Direct's currency report on EURINR
Euro gained by 0.02% yesterday as hawkish comments from ECB official continued to support single currency. For today, EURUSD is likely to face the hurdle near 1.0790 level and slip further towards 1.0720 level amid strong dollar and pessimistic global market sentiments. Further, economic concerns would weigh on single currency. EURINR Feb may slip towards 88.90 level as long as it trades below 89.70 levels.
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