European Session – Euro rallies on German inflation data
Posted on November 28, 2013 at 1:50 pm GMTThe euro rallied after a series of data from the Euro zone, helping it rise to a new one-month high against the dollar and to a four-year high against the yen. The euro climbed for a third day against the dollar and briefly breached the 1.36 level after above-forecast German inflation data which showed CPI rose 0.2% month-on-month versus 0.1% expected. Meanwhile the German unemployment rate was as expected. Eurozone money supply and confidence numbers also came in higher than [..]