Sunday, November 17, 2019

EURINR : Fundamental View : 18.11.2019

EURINR : Fundamental View : 18.11.2019

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* EURINR appreciated by 0.1 percent last week while EURINR depreciated by 0.73 percent the same time frame. German GDP data came in at 0.1 percent against expectations of -0.1 percent. CPI
from France came in at 0 percent for Oct’19 against market expectations of -0.1 percent. Germany released the November ZEW survey on Economic Sentiment, which came in at -2.1, much better
than the previous -22.8 and the expected -13. In the coming week, EURINR will be German manufacturing PMI and ECB monetary policy meeting minutes.

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