Ways2Capital : EURINR : EURO

EURINR : EURO

Euro EURUSD depreciated by 0.32 percent while EURINR appreciated by 0.28 percent during the same time frame.
ECB Council member Nowotny mentioned that the bond buyback program will wound down by the down of this year. French industrial production came in at 1.2% for Mar’18 against market expectations of 1.5%. Italian retail sales data came in at 0.4% for Mar’18 against market expectations of 0.3%. French CPI came in line with market expectations at 1.0% for Mar’18. ECB members diverge over inflation outlook in the Euro zone according to the latest ECB meeting minutes.
  • EURINR trading range for the day is 80.4-81.23.
  • Euro remained under pressure after euro zone industrial production was much weaker than expected in February.
  • Industrial production in the 19 countries sharing the euro fell 0.8 percent month-on-month for a 2.9 percent year-on-year rise.
  • France manufacturing confidence deteriorated in March, survey data from Bank of France showed.
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