Moneycontrol
Last Updated : Jun 11, 2018 11:10 AM IST | Source: Moneycontrol.com

EURINR is expected to move sideways: Angel Broking

According to Angel Broking,EURUSD appreciated by 0.9 percent while EURINR depreciated by 1.82 percent during the same time frame.


Angel Broking's currency report on EURINR


EURUSD appreciated by 0.9 percent while EURINR depreciated by 1.82 percent during the same time frame. Services PMI from Euro zone came in line with market expectations at 53.8 in May’18. Meanwhile, officials from ECB could wind down their stimulus by the end of the year according to a report as they are citing robust growth in the region and are confident that inflation is on its way back to the target. ECB’s Weidmann says first ECB Rate  Hike could follow the end of Quantitative Easing.

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

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First Published on Jun 11, 2018 11:10 am
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