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Last Updated : Jul 11, 2019 11:32 AM IST | Source: Moneycontrol.com

EURINR is expected to move sideways: Angel Broking

According to Angel Broking,EURUSD appreciated by 0.38 percent yesterday while EURINR depreciated by 0.18 percent the same time frame.


Angel Broking's currency report on EURINR


EURUSD appreciated by 0.38 percent yesterday while EURINR depreciated by 0.18 percent the same time frame. The EU Commission released a report cutting the Union’s growth and inflation forecasts for 2020, citing trade tensions and policy uncertainty, limiting the bullish potential of the shared currency. . Meanwhile, ECB’s Governing Council member said that European policymakers could theoretically decide to “resume making net asset purchases, again if warranted by the circumstances.


OUTLOOK


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


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First Published on Jul 11, 2019 11:32 am
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