Moneycontrol
Last Updated : May 18, 2018 11:33 AM IST | Source: Moneycontrol.com

EURINR is expected to move sideways: Angel Broking

According to Angel Broking, EURUSD depreciated by 0.12 percent while EURINR depreciated by 0 .19 percent during the same time frame.


Angel Broking's currency report on EURINR


EURUSD depreciated by 0.12 percent while EURINR depreciated by 0 .19 percent during the same time frame. Euro slipped against the US dollar amidst mixed ECB talks.  GDP data from Euro zone came in line with market estimates at 0.4% for Q1 2018. Also, rising political uncertainties in Italy where populist parties have jostled to forge a common platform in a bid to lead the next government, have been a major drag on Euro. Euro zone CPI came in line with market expectations at 1.2% for Apr’18.

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

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First Published on May 18, 2018 11:33 am
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