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Last Updated : Jun 03, 2019 12:11 PM IST | Source: Moneycontrol.com

EURINR is expected to appreciate: Angel Broking

According to Angel Broking, EURUSD depreciated by 0.7 percent last week while EURINR appreciated by 0.09 percent the same time frame.


Angel Broking's currency report on EURINR


EURUSD depreciated by 0.7 percent last week while EURINR appreciated by 0.09 percent the same time frame. ECB warned of an economic downturn on account of the US-Sino trade war will affect the common currency as well. German Unemployment change came in at 60,000 against market expectations of -8000 for Apr’19. Meanwhile, in the European elections the centrist bloc lost the majority, with greens and euro sceptics adding seats, although pro-EU parties held onto roughly two thirds of the seats.


OUTLOOK


EURINR is expected to appreciate in today’s session.


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.



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First Published on Jun 3, 2019 12:11 pm
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