Moneycontrol
Last Updated : Jul 09, 2018 10:58 AM IST | Source: Moneycontrol.com

EURINR is expected to move sideways today: Angel Broking

According to Angel Broking,EURUSD appreciated by 0.2 percent last week while EURINR fell by 0.92 percent during the same time frame.


Angel Broking's currency report on EURINR


EURUSD appreciated by 0.2 percent last week while EURINR fell by 0.92 percent during the same time frame. German factory orders came in at 2.6% for June’18 against market expectations of 1.1%. However, according to certain reports markets are expecting in a rate hike from ECB in Sep - Oct 2018. German  Interior Minister Horst Seehofer had offered to resign, but i t later  steadied when his Christian Social Union party reached a deal with  Merkel's Christian Democrats over illegal immigration, and the  resignation threat was withdrawn.

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

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

First Published on Jul 9, 2018 10:58 am
Sections
Follow us on
Available On