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Last Updated : Dec 04, 2019 09:52 AM IST | Source: Moneycontrol.com

EURINR is expected to depreciate: Angel Broking

According to Angel Broking, EURUSD appreciated by 0.04 percent yesterday while EURINR depreciated by 0.23 percent the same time frame.


Angel Broking's currency report on EURINR


EURUSD appreciated by 0.04 percent yesterday while EURINR depreciated by 0.23 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.


OUTLOOK


EURINR is expected to depreciate today’s session.


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First Published on Dec 4, 2019 09:52 am
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