Moneycontrol
Last Updated : Aug 07, 2018 11:26 AM IST | Source: Moneycontrol.com

EURINR is expected to move sideways today: Angel Broking

According to Angel Broking, EURUSD depreciated by 0.13 percent yesterday while EURINR depreciated by 0.18 percent during the same time frame.


Angel Broking's currency report on EURINR


EURUSD depreciated by 0.13 percent yesterday while EURINR depreciated by 0.18 percent during the same time frame. In the last ECB meeting Mario Draghi reiterated that ECB will end its bond purchase program by end of the year and interest rates likely to remain at same levels till summer of 2019. Meanwhile, Euro zone CPI came in at 2.1% for June’18 against market expectations of 2%.  German factory orders came in at - 4% against market expectations of - 0.3% for July’ 18.

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

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First Published on Aug 7, 2018 11:26 am
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