EURINR is expected to move sideways: Angel Broking

According to Angel Broking, EURUSD depreciated by 0.9 percent last week while EURINR appreciated by 0.31 percent the same time frame.

EURUSD depreciated by 0.9 percent last week while EURINR appreciated by 0.31 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. German CPI came in line with market expectations at 0.5 percent for July’19.