February 14, 2024 / 11:56 AM IST



ICICI Direct’s currency report on EURINR

Euro slipped by 0.60% yesterday due to strong dollar and risk aversion in the global markets. Meanwhile, further downside was cushioned as German ZEW survey expectations of economic growth rose more than expected to a 1 year high. For today, EURUSD is likely to slip further towards 1.0650 level as long as it stays below 1.0750 level amid firm dollar and pessimistic global market sentiments after US inflation came higher than expected. Additionally, expectation of disappointing economic data from euro zone will hurt single currency. EURINR Feb may slip towards 88.70 level as long as it trades below 89.40 levels.

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14022024 – curre