Moneycontrol
Last Updated : Feb 28, 2019 11:38 AM IST | Source: Moneycontrol.com

EURINR is expected to appreciate: Angel Broking

According to Angel Broking, EURUSD depreciated by 0.14 percent yesterday while EURINR depreciated by 0.05 percent the same time frame.


Angel Broking's currency report on EURINR


EURUSD depreciated by 0.14 percent yesterday while EURINR depreciated by 0.05 percent the same time frame. German manufacturing PMI came in at 47.6 against market expectations of 49.7 for Jan’19. German flash services PMI came in at 55.1 against market expectations of 52.8 for Jan ’19.German economic sentiment came in at-13.4 for Jan’19 against market expectations of -14.1. Meanwhile, Concerns hit the common currency as US President Trump intends to put tariffs on cars' imports, which will affect the their auto industry.


OUTLOOK


EURINR is expected to appreciate in today’s session.


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First Published on Feb 28, 2019 11:38 am
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