Moneycontrol
Apr 13, 2018 12:49 PM IST | Source: Moneycontrol.com

EURINR is expected to move sideways: Angel Broking

According to Angel Broking, EURUSD depreciated by 0.32 percent while EURINR appreciated by 0.28 percent during the same time frame.


Angel Broking's currency report on EURINR


EURUSD depreciated by 0.32 percent while EURINR appreciated by 0.28 percent during the same time frame. ECB Council member Nowotny mentioned that the bond buyback program will wound down by the down of this year. French industrial production came in at 1.2% for Mar’18 against market expectations of 1.5%. Italian retail sales data came in at 0.4% for Mar’18 against market expectations of 0.3%. French CPI came in line with market expectations at 1.0% for Mar’ 18. ECB members diverge over inflation outlook in the Euro zone according to the latest ECB meeting minutes.

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

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