Mumbai, Oct. 16 -- Euro is seen extending gains against the dollar on Friday, benefitting from a sharp retreat in DXY near a two-week low, under 102 mark. DXY is trading at 101.53. Meanwhile, data from Eurozone docket confirmed that annual inflation rate in the region accelerated for a third consecutive month to 3.8% in September 2026, the highest since September 2023, compared to 3.2% in August. Also, Euro Area posted a trade deficit of €16.1 billion in August of 2026, swinging from a €502 million surplus in the previous year to mark the largest deficit since January of 2023. EUR/USD is currently quoting at $1.1279, up 0.35% on the day. On the NSE, EUR/INR futures were trading at 107.59, up 0.17% on the day.

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