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Last Updated : Jan 23, 2017 10:17 AM IST | Source: Moneycontrol.com

EURINR is expected to trade bit lower: Angel Broking

According to Angel Broking, Euro currency traded higher by 0.54 (EURUSD) and 0.33 (EURINR) percent in the last week. Markets discounted the outcome of ECB monetary policy meeting where the key interest rate and monthly asset purchase program was kept unchanged and was expected to run until ECB achieves its 2 percent inflation target.


Angel Broking's report on currency

EURINR
Euro currency traded higher by 0.54 (EURUSD) and 0.33 (EURINR) percent in the last week. Markets discounted the outcome of ECB monetary policy meeting where the key interest rate and monthly asset purchase program was kept unchanged and was expected to run until ECB achieves its 2 percent inflation target. To German FM’s comment on ECB’s easy money harming savers, Draghi comforted the media by saying that all member nations need to be patient as the bloc was slowly regaining its economic health. In today’s trading session, Euro is expected to trade a bit lower as lack of important economic datasets form the nation will keep the trading volumes a bit pressurized.  

OUTLOOK
Euro is expected to trade a bit lower as lack of important economic datasets form the nation will keep the trading volumes a bit pressurized.

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First Published on Jan 23, 2017 10:17 am
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