Buy EURINR; target of : 89.90 : August 23, 2023: ICICI Direct

ICICI Direct, Euro ended on negative note amid strong dollar and on eurozone economic concerns.

August 23, 2023 / 09:21 IST

Rupee

ICICI Direct's currency report on EURINR

Euro ended on negative note amid strong dollar and on eurozone economic concerns. For today, EURUSD is likely to weaken towards 1.0800 level as long as it trades below 1.0880 level amid firm dollar. Further, Euro Area manufacturing PMI is likely to show that activity in sector continued to contract and activity in service sector slow down. EURINR may face the hurdle near 90.40 level and weaken towards 89.70 level.

For all Currency report, click here

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first published: Aug 23, 2023 09:21 am

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