Sell EURINR; target of : 78.40 : ICICI Direct

Currencies

ICICI Direct, The Euro depreciated on Monday to a 20-year low amid weak economic data from the eurozone.

September 27, 2022 / 09:34 AM IST

Representative image

Representative image

ICICI Direct’s currency report on EURINR

The Euro depreciated on Monday to a 20-year low amid weak economic data from the eurozone. The LFO Business Climate indicator for Germany dropped to 84.3 in September 2022, the lowest level since the aftermath of the Covid-19 pandemic shock in May 2020 and well below market consensus of 87.0.

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27092022 – currency

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