Moneycontrol
Oct 13, 2017 11:00 AM IST | Source: Moneycontrol.com

EURINR is expected to trade lower: Angel Broking

According to Angel Broking, EURINR spot is expected to trade lower as markets discount the recent ECB President’s speech where he postponed the date of Balance sheet cutting.

EURINR is expected to trade lower: Angel Broking

Angel Broking's currency report on EURINR


The Euro currency spot traded lower by 0.35 percent as recent strength in the currency prompted the traders to book profits. According to a report, the ECB committee are considering cutting their monthly bond buying by at least half starting in January, and keeping the program active for at least nine months. In today’s trading session, EURINR spot is expected to trade lower as markets discount the recent ECB President’s speech where he postponed the date of Balance sheet cutting.

OUTLOOK
EURINR spot is expected to trade lower as markets discount the recent ECB President’s speech where he postponed the date of Balance sheet cutting.

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