Friday, November 23, 2012

German IFO Business Climate Surprises and Rises – EUR/USD follows

The IFO Business Climate indicator rose to 101.4. A slide from 100 to 99.6 was expected in this highly regarded index. EUR/USD slid before the publication under the 1.29 it conquered earlier. It is now on the rise once again. 1.2880 worked as support. IFO is Germany’s No. 1 think-tank. In addition to the business
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