According to Sushil Finance, EURINR is likely to trade on the positive note on the back of extension of Greece's financial rescue package by four months.
EURINR
The euro is expected to remain under pressure against the greenback as the European Central Bank started its 1 trillion-euro bond-buying programme on Monday.
The European Central Bank and central banks in the euro zone have started purchases under its quantitative easing programme to buy chiefly government bonds, the ECB said on Twitter on Monday.
"ECB and Eurosystem national central banks have, as previously announced, started purchases under the public sector purchase programme," the bank said on Twitter.
Greece's financial reforms are in focus. Dutch Finance Minister Jeroen Dijsselbloem, president of the Eurogroup of finance ministers, said Athens must start discussions for completing its bailout program and implementing reforms.
Outlook
We expect EURINR is likely to trade on the positive note on the back of extension of Greece's financial rescue package by four months.
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