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EURINR is expected to move sideways: Angel Broking

According to Angel Broking, EURUSD appreciated by 0.19 percent yesterday whereas EURINR depreciated by 0.48 percent.

January 31, 2020 / 09:43 AM IST

Angel Broking's currency report on EURINR


EURUSD appreciated by 0.19 percent yesterday whereas EURINR depreciated by 0.48 percent. The European Central Bank kept its monetary policy unchanged and stated that the overall situation justifies the negative interest rate environment. The latest signs of improvement may fall short of confirming a bottom, but for sure are encouraging. Germany published the GFK Consumer Confidence Survey, which improved to 9.9 in February, surpassing the market’s expectations of 9.6.


OUTLOOK


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


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first published: Jan 31, 2020 09:43 am

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