According to Angel Broking, EURUSD appreciated against US dollar by 0.44 percent last week while EURINR appreciated significantly by 1.5 percent the same time frame.
Angel Broking's currency report on EURINR
EURUSD appreciated against US dollar by 0.44 percent last week while EURINR appreciated significantly by 1.5 percent the same time frame. Fed Chairman Jerome Powell told the American Economic Association the Fed is not on a present path of rate hikes and it will be sensitive to the downside risks markets are pricing in. The upside was restricted by weak Economic data in the euro zone over the last few months, especially in France and Germany, the Eurozone’s economic powerhouses. The European Central Bank is widely expected to remain accommodative in 2019, which should keep a lid on the single currency.
OUTLOOK
EURINR is expected to trade sideways in today’s session.
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