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• India rupee, pound under pressure on dollar strength
• Euro, pound to remain higher on weak dollar index
• India Rupee to appreciate on weak dollar index, Yen under pressure
• Rupee, Euro to weigh down on dollar strength,Yen to jump

The Euro traded higher by 0.7 percent on Monday, on account of a weaker dollar and upbeat sentiments in the European markets.

The currency touched an intra-day high of 1.3052 and closed at 1.3028 yesterday. European Consumer Confidence remained unchanged at - 21-mark in December.

Outlook

The Euro is expected to trade lower today mainly on account of rising worries with respect to Euro Zone debt concerns coupled with a stronger dollar.

Courtesy:Angel Broking

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