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EURINR is expected to appreciate: Angel Broking

According to Angel Broking, EURUSD depreciated by 0.08 percent yesterday while EURINR appreciated by 0.27 percent the same time frame.

November 26, 2019 / 10:00 AM IST

Angel Broking's currency report on EURINR


EURUSD depreciated by 0.08 percent yesterday while EURINR appreciated by 0.27 percent the same time frame. Christine Lagarde has taken the helm of the ECB. Meanwhile, the meeting minutes suggested a wait-and-see stance that the ECB has taken after the monetary easing announced in September. After all, they have to wait for the effect of the last easing round to show on the economy. There is also a call for unity, which shows how fragmented the governing council is at the moment.


OUTLOOK


EURINR is expected to appreciate in today’s session.


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first published: Nov 26, 2019 10:00 am

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