Angel Broking’s currency report on EURINR
EURUSD depreciated by 1.4 percent while EURINR appreciated by 1 percent during the same time frame. EU commission proposes 55 billion euros for Euro zone 2021 – 2027 budget for supporting investment in the region. Euro zone CPI came in at 1.2% for Apr18 against market expectations of 1.3%. Euro zone manufacturing PMI came in line with market expectations at 56.2 for Apr18. Also, services PMI came in line with market expectations for Apr18 at 54.7.
EURINR is expected to appreciate in todays session.
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