Moneycontrol
Feb 02, 2018 11:38 AM IST | Source: Moneycontrol.com

EURINR is expected to depreciate: Angel Broking

According to Angel Broking, Euro EURUSD appreciated by 0.71 percent however EURINR depreciated by 1.18 percent during the same time frame.

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Angel Broking's currency report on EURINR


Euro EURUSD appreciated by 0.71 percent however EURINR depreciated by 1.18 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 zone CPI comes in line with market expectations at 1.3% for Dec’17. Grand coalitions talks begin in Germany post the adjournment over refugee issue. Euro zone final PMI came in line with market expectations at 59.6 for Jan’ 18.

OUTLOOK
EURINR is expected to depreciate in the coming session.

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