EURINR is expected to depreciate: Angel Broking

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EURINR is expected to depreciate: Angel Broking

Angel Broking’s currency report on EURINR

EURUSD appreciated by 1.4 percent last week while EURINR appreciated by 1.26 percent during the same time frame. ECB in its latest monetary policy meeting yesterday will end the QE program by the end of Dec’18. The ECB also said it would continue to reinvest cash from maturing bonds for an extended period of time. Meanwhile, EU current account surplus released earlier on the day rose to €23 billion in October from €17.6 billion in September.

OUTLOOK

EURINR is expected to depreciate in today’s session.

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Images are for reference only.Images gathered automatic from google.All rights on the images are with their original owners.

2018-12-26 18:05:26

Images are for reference only.Images gathered automatic from google.All rights on the images are with their original owners.

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