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Home » News » Brokerage Recos - Currencies

Feb 16, 2017, 10.46 AM | Source: Moneycontrol.com

EURINR is expected to trade higher: Angel Broking

According to Angel Broking, Euro traded lower yesterday as US inflation increase in January was the largest increase since February 2013 and puts pressure on the US Federal Reserve to follow a more aggressive round of interest rate rises.

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EURINR is expected to trade higher: Angel Broking

According to Angel Broking, Euro traded lower yesterday as US inflation increase in January was the largest increase since February 2013 and puts pressure on the US Federal Reserve to follow a more aggressive round of interest rate rises.

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, Angel Broking |

Angel Broking's report on currency

EURINR
Euro traded lower yesterday as US inflation increase in January was the largest increase since February 2013 and puts pressure on the US Federal Reserve to follow a more aggressive round of interest rate rises. Also, Euro is pressurized as Euro zone inflation is seen at 1.7% in 2017 and 1.4% in 2018, below the central bank’s target of “below, but close to 2% over the medium term. Due to all the above factors, EURINR is expected to trade higher today.  

OUTLOOK
Due to all the above factors, EURINR is expected to trade higher today.

Disclaimer:The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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EURINR is expected to trade higher: Angel Broking

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