Mar 17, 2017 11:02 AM IST | Source: Moneycontrol.com

EURINR is expected to trade higher: Angel Broking

According to Angel Broking, Euro currency traded higher by 0.3 percent (GBPUSD) and 0.60 percent (GBPINR) yesterday after the win of Netherlands' centre - right Prime Minister Mark Rutte against the anti - Islam, anti - EU Geert Wilders in an election that was held on 15 th March’17.

EURINR is expected to trade higher: Angel Broking

Angel Broking's currency report on EURINR

Euro currency traded higher by 0.3 percent (GBPUSD) and 0.60 percent (GBPINR) yesterday after the win of Netherlands' centre - right Prime Minister Mark Rutte against the anti - Islam, anti - EU Geert Wilders in an election that was held on 15 th March’17. It was a huge relief to other EU governments facing a wave of nationalism. Furthermore, weakness in the US Dollar Index post the FOMC policy meet added to Euro’s strength. Due to all the above factors, EURINR spot is expected to trade higher.

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

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