EURINR is expected to depreciate: Angel Broking
According to Angel Broking, EURUSD appreciated by 0.08 percent yesterday while EURINR depreciated by 0.1 percent the same time frame.
December 27, 2019 / 10:04 AM IST
Angel Broking's currency report on EURINR
EURUSD appreciated by 0.08 percent yesterday while EURINR depreciated by 0.1 percent the same time frame. ECB kept its rates unchanged in its monetary policy meeting. The EU released October Trade Balance, with the seasonally adjusted surplus up to €24.5B. German business climate data came in at 96.3 for Nov’19 against market expectations of 95.6. Trading was inactive in the bloc yesterday on account of Boxing Day Holiday.
EURINR is expected to depreciate in today’s session.
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