EURINR is expected to appreciate: Angel Broking

According to Angel Broking,EURUSD appreciated by 0.08 percent yesterday while EURINR depreciated by 0.21 percent the same time frame.

EURUSD appreciated by 0.08 percent yesterday while EURINR depreciated by 0.21 percent the same time frame. Draghi said the euro zone’s central bank was looking at interest rate cuts, fresh bond buys and new policy guidance to lift persistently low inflation, which has undershot its target for the past six years. The outlook according to the bank is getting worst for the bloc as trade war is hampering confidence. Meanwhile, EU Economic Sentiment Indicator for July was better-than-expected, printing 102.7.