Moneycontrol
Oct 12, 2017 10:34 AM IST | Source: Moneycontrol.com

EURINR is expected to trade higher: Angel Broking

According to Angel Broking, EURINR spot is expected to trade higher on US Dollar Index weakness. Markets remain cautious ahead of the ECB President’s speech later in the day.

EURINR is expected to trade higher: Angel Broking

Angel Broking's currency report on EURINR


The Euro currency spot traded higher by 0. 31 percent after the Catalan President Carles Puigdemont and other regional leaders signed a declaration of independence from Spain, following the disputed referendum. The move however shall be implemented only after discussing with the Spanish government.  Also, one the ECB policymaker commented on ending the asset purchase plan pretty soon which lifted the Euro currency. In today’s trading session, EURINR spot is expected to trade higher on US Dollar Index weakness.  Markets remain cautious ahead of the ECB President’s speech later in the day.

OUTLOOK
EURINR spot is expected to trade higher on US Dollar Index weakness. Markets remain cautious ahead of the ECB President’s speech later in the day.

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