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Last Updated : Jan 20, 2017 11:11 AM IST | Source: Moneycontrol.com

EURINR is expected to trade higher: Angel Broking

According to Angel Broking, Euro currency traded higher by 0. 31 percent yesterday after ECB President announced of keeping interest rates and bond - buying program unchanged despite the uptick in inflation seen across the Euro - zone.


Angel Broking's report on currency

EURINR
Euro currency traded higher by 0. 31 percent yesterday after ECB  President announced of keeping interest rates and bond - buying program unchanged despite the uptick in inflation seen across the Euro - zone. Draghi has argued that the increased levels of annual inflation rates had not yet displayed a convincing trend for the ECB to amend its monetary policy. In today’s trading session, Euro is expected to trade higher as markets discount the ECB Monetary policy outcome.  

OUTLOOK
Euro is expected to trade higher as markets discount the ECB Monetary policy outcome.

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First Published on Jan 20, 2017 11:11 am
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