Moneycontrol
Last Updated : Feb 05, 2018 11:53 AM IST | Source: Moneycontrol.com

EURINR is expected to trade sideways: Angel Broking

According to Angel Broking, EURUSD appreciated by 0.5 percent while EURINR depreciated by 1.49 percent during the same time frame.

Broker Research @moneycontrolcom

Angel Broking's currency report on EURINR


EURUSD appreciated by 0.5 percent while EURINR depreciated by 1.49 percent during the same time frame. In the recently concluded ECB’s meeting the committee was optimistic about the growth prospects in the region and rising inflation but made no comments regarding when the stimulus program would end. Also, the preliminary quarterly GDP estimates for euro zo ne came in line with market expectations at 0.6% for Q4 2017. Grand coalitions talks begin in Germany post the adjournment refugee issue.

OUTLOOK
EURINR is expected to sideways in the coming session.

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First Published on Feb 5, 2018 11:53 am
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