Moneycontrol
Jan 31, 2018 11:54 AM IST | Source: Moneycontrol.com

EURINR is expected to depreciate: Angel Broking

According to Angel Broking, EURUSD appreciated by 0.15 percent while EURINR depreciated by 0.37 percent during the same time frame.

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Angel Broking's currency report on EURINR


EURUSD appreciated by 0.15 percent while EURINR depreciated by 0.37 percent during the same time frame. The preliminary quarterly GDP estimates for euro zone come in line with market expectations at 0.6% for Q4 2017.  Also, Euro Area flash services PMI came in better than market estimates at 57.6 in Dec’17 as compared to 56.5.  Also, grand coalition talks in Germany get adjourned over refugee issue.

OUTLOOK
EURINR is expected to depreciate in the coming session.

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