ICICI Direct, The Euro depreciated by almost 0.90% on Monday amid a sharp rise in the US dollar index.
August 23, 2022 / 10:18 AM IST
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ICICI Direct’s currency report on EURINR
The Euro depreciated by almost 0.90% on Monday amid a sharp rise in the US dollar index. Further, the Euro was pressurised after Bundesbank said in a report that recession in Germany, the eurozone’s biggest economy, is increasingly likely and inflation will continue to accelerate and could peak at more than 10% this autumn.
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23082022 – currency
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