EURINR trading range for the day is 78.67-79.43.
Euro dropped after weaker after Italy’s deputy prime minister said the country was ready to break EU budget rules on debt levels if necessary to boost employment.
The dollar was also buoyed as U.S. and Chinese officials said the two countries would continue to negotiate on trade.
The ECB’s latest economic forecasts are still valid and its monetary policy stance appears to be appropriate, ECB policymaker Francois Villeroy de Galhau said.
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