Thursday, December 5, 2019

EURINR : Fundamental View : 05.12.2019

EURINR : Fundamental View : 05.12.2019

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* EURINR depreciated by 0.05 percent yesterday while EURINR appreciated by 0.44 percent the same time frame.

* Christine Lagarde said the European Central Bank will be “resolute” in restoring euro-zone price stability under her presidency, while stressing that an upcoming strategy review will be wide-ranging,
including climate change as well as inflation. ECB will continue to hold its stance of an accommodative monetary policy which has been a key driver for demand recovery.

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