EURINR is expected to move sideways: Angel Broking

Angel Broking’s currency report on EURINR

EURUSD depreciated by 0.36 percent yesterday while EURINR appreciated by 0.67 percent during the same time frame. German factory orders came in at 0.3 percent against market expectations of – 0.4 percent for Nov’18. Italy’s Finance Minister Tria said that the government isn’t planning major changes to the budget, ahead of a meeting between EU’s Juncker and Italy’s PM Conte this Wednesday. Also, French President Macron is facing a non – confidence vote from left – wing opposition after riots took over Paris.

OUTLOOK

EURINR is expected to move sideways in today’s session.