EURINR is expected to depreciate: Angel Broking

Angel Broking's currency report on EURINR

EURUSD declined by 0.31 percent last week whereas EURINR appreciated by 0.17. The Euro continues to be pressurized over the ongoing concerns over the health of the Eurozone. The German GDP missed the analyst expectation. The EU released December Current Account with the seasonally adjusted figure at €32.6 B, missing the market’s expectations. The Union also released December Construction output, which also came in below expected, down by 3.7% YoY.

OUTLOOK

EURINR is expected to depreciate in today’s session.

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