Moneycontrol
Jul 17, 2017 10:40 AM IST | Source: Moneycontrol.com

EURINR is expected to trade lower: Angel Broking

According to Angel Broking,In the last week, EURINR spot surged by 0.14 percent on account of weakness in the American currency post the release of CPI and retail sales data.

EURINR is expected to trade lower: Angel Broking

Angel Broking's currency report on EURINR


In the last week, EURINR spot surged by 0.14 percent on account of weakness in the America n currency post the release of CPI and retail sales data. Furthermore, the German Chancellor Angela Merkel stated that she was open to the creation of a finance minister and budget for the Euro - zone as proposed by French President Emmanuel Macron. Moreover, France’s top central banker has pleaded with Germany to loosen its fiscal policy as part of a deal with his country to strengthen the Euro - zone. Today, EURINR spot is likely to trade lower as traders’ book profits.

OUTLOOK
Today, EURINR spot is likely to trade lower as traders’ book profits.


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