German business confidence increase better than expected: Ifo
Business confidence in Germany has improved by a better-than-expected rate in June, underlining ongoing robust recovery of Europe’s biggest economy.
Ifo, a widely watched business climate index, said Tuesday that its index for Germany rose to 106.8 in June from an upwardly revised 105.7 in May, beating expectations.
Economists polled by the AFX financial news wire had [...]
EUR/USD & GBP/USD in Consolidation Phase?
In the past few days we have seen a bearish scenario develop slowly in the EUR/USD and GBP/USD pairs. The USD rallied mostly on Wednesday as both French and Germany’s economy ministry agreed that an ongoing rise in the euro could harm exports. French Finance Minister Thierry Breton even went further by saying that “everything” [...]
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