Moneycontrol
Mar 16, 2017 01:36 PM IST | Source: Moneycontrol.com

EURINR is expected to trade higher: Angel Broking

According to Angel Broking, Euro currency traded higher by 1.2 percent (GBPUSD) and 0.24 percent (GBPINR) yesterday owing to easing concerns with respect to Dutch elections which led to fall in Euro Gov bond yields.

EURINR is expected to trade higher: Angel Broking

Angel Broking's currency report on EURINR


Euro currency traded higher by 1.2 percent (GBPUSD) and 0.24 percent (GBPINR) yesterday owing to easing concerns with respect to Dutch elections which led to fall in Euro Gov bond yields. Polls indicated the win of Prime Minister Mark Rutte's centre - right VVD party over the PVV (Party for Freedom) of anti - Islam, anti - EU firebrand Geert Wilders. The results will be out today. Furthermore, weakness in the US Dollar Index post the FOMC policy meet added to Euro’s strength. In today’s trading session, EURINR spot is expected to trade higher owing to easing concerns of Dutch Elections.


OUTLOOK

EURINR spot is expected to trade higher owing to easing concerns of Dutch Elections.


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