Moneycontrol
Feb 17, 2017 10:46 AM IST | Source: Moneycontrol.com

EURINR is expected to trade sideways: Angel Broking

According to Angel Broking, Euro traded higher by 0.7 percent (EURUSD) and 1 percent (EURINR) yesterday as European Union officials urged Greece and its lenders on Thursday to conclude a long - overdue bailout review quickly to safeguard economic recovery.

EURINR is expected to trade sideways: Angel Broking

Angel Broking's report on currency

EURINR

Euro traded higher by 0.7 percent (EURUSD) and 1 percent (EURINR) yesterday as European Union officials urged Greece and  its lenders  on Thursday to conclude a long - overdue bailout review quickly to safeguard economic recovery. Also, EU officials were urging speed to  avoid catastrophe and one German politician close to Chancellor  Angela Merkel hinted that one bone of contention the participation  of the International Monetary Fund may be got around.  Due to all  the above factors, EURINR is expected to trade sideways today as investors will be keenly awaiting political agreement before a  meeting of euro zone finance ministers on  20 th Feb.  


OUTLOOK
EURINR is expected to trade sideways today as investors will be keenly awaiting political agreement before a meeting of euro zone finance ministers on  20 th Feb. 

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