According to Angel Broking,EURUSD appreciated by 0.6 percent yesterday while EURINR depreciated by 0.26 percent during the same time frame
Angel Broking's currency report on EURINR
EURUSD appreciated by 0.6 percent yesterday while EURINR depreciated by 0.26 percent during the same time frame. The leader of the European Central Bank spoke at the ECB Forum on Central Banking in Sintra and said that further interest rate cuts remain part of the central bank's tools, leaving doors opened for more stimulus, signaling that policymakers would act if inflation doesn't give signs of picking up. Meanwhile, consumer confidence from EU came in line with market expectations at -7 for June’19.
OUTLOOK
EURINR is expected to move sideways in today’s session.
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