Forex News – Euro pauses decline after upbeat German Ifo
Posted on November 24, 2014 at 10:04 am GMTThe euro erased some losses from Friday’s sharp decline and managed to move back above the key 1.2400 level in early European session trading on Monday. The rebound followed data from the German Ifo Institute that indicated German business confidence rose for the first time in seven months in November. The Ifo Business Climate Index beat expectations and rose to 104.7 from October’s 103.2. This was the first increase since April this year and surprised markets which expected a drop [..]