The Euro continued to strengthen due to better than expected IFO business Climate from Germany

[RTFX-Trading]

The Euro continued to strengthen due to better than expected IFO business Climate from Germany

Good news for the single currency, the IFO business climate in Germany has risen to 83.7 in April, better than analysts' forecasts of 82.3. The expectations index is also up to 83.9 against 81.6 in March and 82.5 expected by the market.
The euro has reached our first target of 1.3226 against the dollar, a sharp rise against the pound sterling to close at the second day resistance at 0.9033 and also rising against the yen to 128.60.

Nicolas Longchamp
RTFX Ltd
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