Moneycontrol
Last Updated : Jan 10, 2019 12:40 PM IST | Source: Moneycontrol.com

EURINR is expected to depreciate: Angel Broking

According to Angel Broking, EURUSD appreciated by 0. 88 percent against US dollar while EURINR depreciated by 1.26 percent during the same time frame.


Angel Broking's currency report on EURINR


EURUSD appreciated by 0. 88 percent against US dollar while EURINR depreciated by 1.26 percent during the same time frame. Economic data in the euro zone has remained consistently weaker than forecasts over the last few months, especially in France and Germany, the euro zone's economic powerhouses. The European Central Bank is widely expected to remain accommodative in 2019, which should keep a lid on the single currency.


OUTLOOK


EURINR is expected to depreciate 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.

First Published on Jan 10, 2019 12:40 pm
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant