Euro near one-week low against dollar ahead of Jackson Hole; EUR/INR futures hold around 111 mark
Mumbai, Aug. 27 -- Euro is lingering around a one-week low against the dollar on Thursday as dollar edged higher ahead of the Jackson Hole Symposium after US data reflected on sticky inflation and drove expectation for a Fed rate hike. US PCE Price Index remained unchanged at 3.7% on year in July, above the consensus of 3.6%. On a monthly basis, the PCE Price Index and the core PCE Price Index both rose by 0.2% in July. Meanwhile, in the Eurozone, data from Germany showed GfK Consumer Climate Indicator rose to -26.6 heading into September 2026, from a revised -29.4 in August, marking its least pessimistic reading since March. Currently, EUR/USD is trading at $1.1661, almost flat on the day. On the NSE, EUR/INR futures are holding around 1...
Click here to read full article from source
इस लेख के रीप्रिंट को खरीदने या इस प्रकाशन का पूरा फ़ीड प्राप्त करने के लिए, कृपया
हमे संपर्क करें.