Apr 11, 2018 11:38 AM IST | Source: Moneycontrol.com

EURINR is expected to move sideways: Angel Broking

According to Angel Broking, EURUSD appreciated by 0.28 percent while EURINR depreciated by 0.38 percent during the same time frame.

Angel Broking's currency report on EURINR

EURUSD appreciated by 0.28 percent while EURINR depreciated by 0.38 percent during the same time frame. ECB Council member Nowotny mentioned that the bond buyback program will wound down by the down of this year. Services PMI from Euro zone came in line with market expectations at 54.9 for Mar’18. This marked the smallest surplus since Jan’17. Also, Mario Draghi expects the pace of economic expansion of Euro zone to remain strong in 2018. French industrial production came in at 1.2% for Mar’ 18 against market expectations of 1.5%.

OUTLOOK
EURINR is expected to move sideways in today’s session

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