Moneycontrol
Last Updated : Feb 20, 2019 11:34 AM IST | Source: Moneycontrol.com

EURINR is expected to move sideways: Angel Broking

According to Angel Broking, EURUSD appreciated by 0.28percent yesterday while EURINR depreciated by 0.07percent the same time frame.


Angel Broking's currency report on EURINR


EURUSD appreciated by 0.28 percent yesterday while EURINR depreciated by 0.07percent the same time frame. German GDP came in at 0 percent against market expectations of 0.1 percent. In line with other negative data sets, German industrial production data also came in at -0.4 percent against market expectations of 0.8 percent. German economic sentiment came in at-13.4 for Jan’19 against market expectations of -14.1. Meanwhile, Concerns hit the common currency as US President Trump intends to put tariffs on cars' imports, which will affect the EU's industry.


OUTLOOK


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


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First Published on Feb 20, 2019 11:34 am
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