EURINR : Fundamental View : 20.11.2019
* EURINR appreciated by 0.07 percent yesterday while EURINR appreciated by 0.15 percent during the same time frame.
* Christine Lagarde has taken the helm of the European Central Bank at a time of rising scepticism over the power of monetary policy. Many believe that ECB will now be just a helpless by stander but
there is plenty more the ECB can do, from further rate cuts to more flexible asset purchases. In September, ECB cut the deposit rate to - 0.5% and restarted net asset purchases.
* EURINR is expected to move sideways in today’s session.
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* Christine Lagarde has taken the helm of the European Central Bank at a time of rising scepticism over the power of monetary policy. Many believe that ECB will now be just a helpless by stander but
there is plenty more the ECB can do, from further rate cuts to more flexible asset purchases. In September, ECB cut the deposit rate to - 0.5% and restarted net asset purchases.
* EURINR is expected to move sideways in today’s session.