Euro struggles on broad economic worries, EUR/INR falls under 107 mark
Mumbai, Oct. 23 -- Euro has slipped in volatile trades today as heavy losses in European equities yesterday clubbed with lax economic cues weighed on the currency. German economic sentiment fell in October, following steady improvement over the summer, according to data released by the ZEW research institute on Tuesday. The ZEW Indicator of Economic Sentiment fell by 6.6 points to 28.1 points, remaining in positive territory. In contrast, the assessment of the current economic situation rose 11.2 points in October but remained in negative territory at -35.9 points. EUR/USD pair pulled back in volatile trades yesterday and added to losses today, lingering around lowest in 17-months. It currently quotes at 1.1234, down marginally on the day...
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