Mumbai, Sept. 16 -- Euro surged to a near four year high against the dollar on Tuesday tracking sustained weakness in greenback overseas. EUR/USD is currently seen quoting at $1.1880, up 0.4% on the day and at its highest level since September 2021. The pair climbed above $1.18 mark for first time since July this year. All eyes are glued to Federal Reserve's decision on interest rates this week. The greenback is losing sheen amid firm expectations of a rate cut in its policy announcement on Wednesday. Moreover, investors will pay close attention to the monetary policy statement and Chair Jerome Powell's press conference to get cues about the likely interest rate action in the remainder of the year. The dollar index that measures the green...
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