Moneycontrol
Last Updated : May 16, 2018 11:07 AM IST | Source: Moneycontrol.com

EURINR is expected to appreciate: Angel Broking

According to Angel Broking, EURUSD depreciated by 0.74 percent while EURINR depreciated by 0.07 percent during the same time frame.

Broker Research @moneycontrolcom

Angel Broking's currency report on EURINR


EURUSD depreciated by 0.74 percent while EURINR depreciated by 0.07 percent during the same time frame. German industrial production for Apr’18 came in at 1% against market expectations of 0.8%. German factory orders for Apr’18 came in at - 0.9% against market expectations of 0.5%.  Euro slipped against the US dollar amidst mixed ECB talks.  GDP data from Euro zone came in line with market estimates at 0.4% for Q1 2018.

OUTLOOK
EURINR is expected to appreciate in today’s session.

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First Published on May 16, 2018 11:07 am
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