Tag Archives: Germany

Euro jumps after upbeat German business climate

The euro got a boost against the dollar in mid-European session trading on Friday after upbeat data from Germany, which gave optimism about the euro zone’s “powerhouse” is recovering. The German Ifo business climate jumped to 105.7 last month, which beat forecasts for a 104.5 increase, and up from 104.4 in the preceding month . The Ifo Institute for Economic Research surveys 7,000...

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May 24, 2013 @ 9:03 am

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Euro lower on news out of EcoFin meeting and disappointing German data

The euro slid lower against the dollar on Tuesday after disappoint German investor morale highlighted a slower economic recovery. Despite a larger-than-expected increase in industrial production data from the euro zone and other positive news of a strong response to a Spanish debt sale, the euro was unable to hold its upward move early in the European session and began to...

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May 14, 2013 @ 1:31 pm

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German investor confidence weaker in May

Europe’s largest economy posted disappointing investor confidence data on Tuesday, resulting in a drop in the euro. According to data released by the ZEW Center for European Economic Research in Mannheim, German economic sentiment increased less-than-expected to 36.4 from 36.3 in April. Economists forecast a gain to at least 39.5 to 40. The data caused some concerns to investors who fear...

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May 14, 2013 @ 10:25 am

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Euro advances to upper $1.31 on strong German data

The euro advanced higher in the North American trading session on Wednesday to peak at $1.3194 after being boosted by German industrial production numbers which surpassed expectations. The broadly stronger euro also helped lift EURJPY to 130.42, marking a 0.4 percent gain. EURGBP traded up 0.2 percent at 0.8466. A report showed that Germany's industrial output, which includes...

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May 8, 2013 @ 8:02 pm

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