Moneycontrol
Feb 15, 2017 11:29 AM IST | Source: Moneycontrol.com

EURINR is expected to trade lower: Angel Broking

According to Angel Broking, Euro traded lower by 0.2 percent (EURUSD) and 0. 5 percent (EURINR) yesterday owing to dollar strength after Janet Yellen indicated that the US central bank has adopted a more hawkish outlook in recent months.

EURINR is expected to trade lower: Angel Broking
Angel Broking's report on currency

EURINR
Euro traded lower by 0.2 percent (EURUSD) and 0. 5 percent (EURINR) yesterday owing to dollar strength after Janet Yellen indicated that the US central bank has adopted a more hawkish outlook in recent months. 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 along with US Dollar Index strength, EURINR is expected to trade lower 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.
Sections
Follow us on
Available On