Euro regains momentum amid dollar pullback; Hawkish pause from ECB
Mumbai, Oct. 30 -- Euro regained some momentum on Friday as dollar edged lower in line with decline US treasury yields. DXY is holding at around 101.66, down 0.24% on the day. Meanwhile, the ECB yesterday decided to hold its deposit rate at 2.50%, as widely expected, after raising it by 25 basis points (bps) in September. According to a statement, the Governing Council said that rising energy prices posed upside risks to the inflation outlook and downside risks to growth, but that underlying inflation and wages were so far broadly stable. Later today, preliminary readings of Q3 Gross Domestic Product (GDP) from Germany and the Eurozone will be monitored. EUR/USD is trading at $1.1208, up 0.22% on the day. Meanwhile, on the NSE, EUR/INR is...
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