Moneycontrol
Mar 20, 2017 10:27 AM IST | Source: Moneycontrol.com

EURINR is expected to trade higher: Angel Broking

According to Angel Broking, Euro currency traded higher by 0.62 percent (EURUSD) in the international markets however declined by 1.04 percent (EURINR) in the domestic market all due to rupee appreciation.

EURINR is expected to trade higher: Angel Broking

Angel Broking's currency report on EURINR


Last week, Euro currency traded higher by 0.62 percent (EURUSD) in the international markets however declined by 1.04 percent (EURINR) in the domestic market all due to rupee appreciation. The reason behind the strength of the shared currency was 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 15th 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.  In today’s trading session, EURINR spot is expected to trade higher following the easing concerns of one European election out of three.


OUTLOOK
EURINR spot is expected to trade higher following the easing concerns of one European election out of three.

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