Angel Broking's currency report on EURINR
EURUSD remained appreciated by 1.09 percent whereas EURINR depreciated by 0.78 percent. The German Business Climate Survey for February showed that the index bounced to 96.1 from 95.2 amid a bounce in the assessment and expectations. The German Federal Statistical Office confirmed 2019 Q4 GDP at 0.0%, confirming economic weakness in the Union. The EU released February Consumer Confidence, which came in better than expected at -6.1 from -6.6 previously.
EURINR is expected to move sideways in today’s session.
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