Euro to inr in july 2016: Forex Analysis

The USD maintained a firm tone. UISD/JPY traded in a tight range between 110.25 and 110.45, with the 200dma capping gains. EUR/USD fell below 1.12 in North America, before a bounce to a brief high of 1.1218, led by the GBP. GBP/USD finished the European morning little changed after an early dip as the market digested Monday night's developments. A bounce started ahead of a statement from PM May after a lengthy cabinet meeting, and extended to 1.3150 as she offered to try to get a deal with opposition leader Corbyn for an orderly Brexit. GBP was the strongest G10 currency on Tuesday. USD/CAD rose to 1.3374 as Canadian bonds yields fell, outperforming other bond markets, after late Monday comments from BoC Governor Poloz, downplaying the importance of the neutral rate. With oil firmer, the CAD later recovered somewhat. AUD slipping ahead of retail sales and trade data. AUD/USD approaching the lows on Tuesday.

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