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Last Updated : Dec 10, 2019 10:15 AM IST | Source: Moneycontrol.com

EURINR is expected to appreciate: Angel Broking

According to Angel Broking, EURUSD appreciated by 0.05 percent yesterday while EURINR appreciated by 0.19 percent the same time frame.


Angel Broking's currency report on EURINR


EURUSD appreciated by 0.05 percent yesterday while EURINR appreciated by 0.19 percent the same time frame. Christine Lagarde said the European Central Bank will be “resolute” in restoring euro-zone price stability under her presidency, while stressing that an upcoming strategy review will be wide-ranging, including climate change as well as inflation. ECB will continue to hold its stance of an accommodative monetary policy which has been a key driver for demand recovery .ECB will be holding their monetary policy meeting on 12th Dec’19.


OUTLOOK


EURINR is expected to appreciate in today’s session.


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First Published on Dec 10, 2019 10:15 am
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