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EURINR is expected to move sideways: Angel Broking

According to Angel Broking, EURUSD appreciated by 0.2 percent yesterday while EURINR depreciated by 0.14 percent the same time frame.

December 31, 2019 / 10:45 AM IST

Angel Broking's currency report on EURINR


EURUSD appreciated by 0.2 percent yesterday while EURINR depreciated by 0.14 percent the same time frame. ECB kept its rates unchanged in its monetary policy meeting. The EU released October Trade Balance, with the seasonally adjusted surplus up to €24.5B. German business climate data came in at 96.3 for Nov’19 against market expectations of 95.6. Markets to remain closed tomorrow on account of New Year holiday.


OUTLOOK


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


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first published: Dec 31, 2019 10:45 am

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