Moneycontrol
Last Updated : Feb 08, 2018 11:06 AM IST | Source: Moneycontrol.com

EURINR is expected to appreciate: Angel Broking

According to Angel Broking,EURUSD depreciated by 0.92 percent while EURINR appreciated by 0.92 percent during the same time frame.


Angel Broking's currency report on EURINR


EURUSD depreciated by 0.92 percent while EURINR appreciated by 0.92 percent during the same time frame.  Euro regained strength despite Mario Draghi calling for monitoring of the currency volatility. He also mentioned that inflation had remained subdued but economic growth has been on track. Also, German industrial production comes in line with market estimates at - 0.6% for Jan’ 18. Euro services PMI comes in at 58 for Jan’18 against market expectations of 57.6. German factory orders rebounds to 3.8% in Jan’ 18 as compared to market expectation of 0.6%.

OUTLOOK
EURINR is expected to appreciate in the coming session.

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First Published on Feb 8, 2018 11:06 am
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