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    HomeNewsCurrencyBuy EURINR; target of : 90.00 : February 22, 2024: ICICI Direct

    Buy EURINR; target of : 90.00 : February 22, 2024: ICICI Direct

    ICICI Direct, Euro gained by 0.11% yesterday amid weak dollar and hawkish comments from ECB Governing Council member Wunsch. Further, rise in euro zone consumer confidence supported single currency.

    February 22, 2024 / 12:31 IST
    Rupee

    ICICI Direct's currency report on EURINR

    Euro gained by 0.11% yesterday amid weak dollar and hawkish comments from ECB Governing Council member Wunsch. Further, rise in euro zone consumer confidence supported single currency. For today, EURUSD is likely to hold the support near 1.0790 level and rise towards 1.0840 level amid weak dollar and as ECB officials have been steadfastly pushing back against market expectation of early rate cuts. Meanwhile, sharp upside may be capped as PMI data is likely to show that activity in manufacturing and services sector continued to contract. EURINR Feb may rise towards 90.0 level as long as it trades above 89.40 levels.

    For all Currency report, click here

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    22022024 - curre

    first published: Feb 22, 2024 11:46 am

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