Moneycontrol
Last Updated : Mar 09, 2018 11:04 AM IST | Source: Moneycontrol.com

EURINR is expected to appreciate: Angel Broking

According to Angel Broking,EURUSD depreciated by 0.82 percent while EURINR appreciated by 0.36 percent during the same time frame.


Angel Broking's currency report on EURINR


EURUSD depreciated by 0.82 percent while EURINR appreciated by 0.36 percent during the same time frame. In the latest ECB meeting the committee decided to keep the rates unchanged but the y dropped their easing bias fuelling expectation of a normalisation in the monetary policy.  Euro zone services PMI came in at 56.2 against market expectations of 56.7 in Feb’18. Euro zone CPI for Jan’18 came in line with market expectations at 1.2%. Euro zone Q4 2017 GDP came in line with market expectations at 0.6%.

OUTLOOK
EURINR is expected to appreciate in the coming session.

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First Published on Mar 9, 2018 11:04 am
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