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Last Updated : Feb 08, 2017 10:37 AM IST | Source: Moneycontrol.com

EURINR is expected to trade weak: Angel Broking

According to Angel Broking, Euro traded lower by 0. 65 (EURUSD) and 0. 15 percent (EURINR) yesterday as traders are assigning greater risk premiums to European countries where anti - establishment movements are gaining traction ahead of elections.


Angel Broking's report on currency

EURINR
Euro traded lower by 0. 65 (EURUSD) and 0. 15 percent (EURINR) yesterday as traders are assigning greater risk premiums to European countries where anti - establishment movements are gaining traction ahead of elections. Marine Le Pen has formally launched her presidential campaign, promising to put France first by freeing it from the “tyrannies” of globalization, Islamic fundamentalism and the European Union.  Due to all the above factors, along with Greece's bailout dealings on 20 th Feb’17 will keep the EURINR weak in today’s trading session.   

OUTLOOK
Due to all the above factors, along with Greece's bailout dealings on 20 th Feb’17 will keep the EURINR weak in today’s trading session.

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First Published on Feb 8, 2017 10:37 am
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