Moneycontrol
Apr 05, 2018 11:15 AM IST | Source: Moneycontrol.com

EURINR is expected to move sideways: Angel Broking

According to Angel Broking, EURUSD appreciated by 0.07 percent while EURINR depreciated by 0.13 percent during the same time frame.


Angel Broking's currency report on EURINR


EURUSD appreciated by 0.07 percent while EURINR depreciated by 0.13 percent during the same time frame. Euro remained strong despite concerns about weak inflation and slowdown in company borrowings questioned the momentum of the Euro zone economic expansion.  German CPI came in at 0.4% for Mar’18 against market expectations of 0.5%. Manufacturing PMI from Euro zone came in line with market expectations at 56.6 for Mar’18. Also, Euro zone CPI came in line with market expectations at 1.4% for Mar’ 18.

OUTLOOK
EURINR is expected to move sideways in today’s session.

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