Moneycontrol
Last Updated : Jan 01, 2019 10:10 AM IST | Source: Moneycontrol.com

EURINR is expected to move sideways: Angel Broking

According to Angel Broking,EURUSD appreciated by 1. 17 percent while EURINR depreciated by 0. 9 per cent during the same time frame.


Angel Broking's currency report on EURINR


EURUSD appreciated by 1. 17 percent while EURINR depreciated by 0. 9 per cent during the same time frame. The grand coalition talks in Germany between Angela Merkel’s conservatives and Social Democrats will start on 7 Th Jan 2018. There were no major data points from Euro a rea as many markets had holidays on account of year end. However, in the coming week certain important data sets will be announced such as CPI from Eurozone and PMI data from Germany, Spain and Italy.


OUTLOOK


EURINR is expected to move sideways in the coming session.


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First Published on Jan 1, 2019 10:10 am
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