Currency Derivatives

EURINR is expected to appreciate today: Angel Broking

EURUSD remained flat last week while EURINR fell by 0.8 percent during the same time frame. In its latest announcement, the ECB said that the pace of bond buying will fall from 30 billion euros ($34 billion) in September 2018 to zero in December 2018. Also, prelim CPI from Germany came in at 0.1% against market expectations of 0.2% for May’18. Yesterday, Italy stalled the EU summit amid concerns that the bloc is doing is far less then expected to help ease Italy’s immigration issues.

OUTLOOK
EURINR is expected to appreciate in today’s session.

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