Moneycontrol
Last Updated : Dec 04, 2018 11:35 AM IST | Source: Moneycontrol.com

EURINR is expected to appreciate: Angel Broking

According to Angel Broking,EURUSD appreciated by 0.33 percent yesterday while EURINR depreciated by 1.38 percent during the same time frame

Broker Research @moneycontrolcom

Angel Broking's currency report on EURINR


EURUSD appreciated by 0.33 percent yesterday while EURINR depreciated by 1.38 percent during the same time frame. German CPI came in at 0.1 percent for Oct’18 against market expectations of 0.2 percent. Meanwhile, EU commission had rejected Italian budget and asked them to revise their spending plans. Italy is ready to revise its budget deficit by 0.2 percent down to 2.2 percent which is still above EU’s target of 2 percent. Meanwhile, manufacturing PMI from Euro zone came in a t 51.8 against market expectations of 51.3 for Nov’ 18.


OUTLOOK


EURINR is expected to appreciate in today’s session.


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First Published on Dec 4, 2018 11:35 am
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