Moneycontrol
Last Updated : Feb 12, 2019 11:40 AM IST | Source: Moneycontrol.com

EURINR is expected to appreciate: Angel Broking

According to Angel Broking, EURUSD depreciated by 0.47 percent yesterday while EURINR appreciated by 0.48 percent the same time frame.


Angel Broking's currency report on EURINR


EURUSD depreciated by 0.47 percent yesterday while EURINR appreciated by 0.48 percent the same time frame. PPI from Euro zone came in at -0.8 percent against market expectations of -0.7 percent for Jan’19. Services PMI from Eurozone came in at 51.2 against market expectations of 50.8 for Jan’19. Also, factory orders from Germany came in at -1.6 percent against market expectations of 0.3 percent for Jan’19. In line with other negative data sets, German industrial production data also came in at -0.4 percent against market expectations of 0.8 percent.


OUTLOOK


EURINR is expected to appreciate in today’s session.


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First Published on Feb 12, 2019 11:40 am
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