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Last Updated : Jun 14, 2019 11:46 AM IST | Source: Moneycontrol.com

EURINR is expected to trade sideways: Angel Broking

According to Angel Broking, U.S. President Donald Trump accused Europe of devaluing the euro zone's single currency in a series of tweets on Tuesday that also targeted U.S. monetary policy with renewed attacks on the U.S. central bank.


Angel Broking's currency report on EURINR


U.S. President Donald Trump accused Europe of devaluing the euro zone's single currency in a series of tweets on Tuesday that also targeted U.S. monetary policy with renewed attacks on the U.S. central bank. "The Euro and other currencies are devalued against the dollar, putting the U.S. at a big disadvantage," Trump tweeted without offering any evidence. The trade war also had its impact on Yuan which in turn supported the Euro. Worsening of trade situation might further support Euro.


OUTLOOK


EURINR is expected to trade sideways in today’s session.


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.




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First Published on Jun 14, 2019 11:46 am
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