German business confidence declines in October

Note: This section contains information in English only.
Source: Bloomberg
Europe's number one economy's business sentiment revealed a decline in the tenth month of the year, the first time in the last four months. The Ifo Business Climate Index fell to 108.2, below 108.5 booked in September, however, beyond the expected figure of 107.8. The present assessment sub-survey recorded 112.6 points in October, after the prior month's 114 points, while a gauge for expectations surprisingly rose to 103.8 from September's 103.3
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Mon, 26 Oct 2015 11:35:13 GMT

EUR/USD consolidates at 1.1038

After the release of the German Ifo Business Climate Index for October, which appeared to be somewhat better than that of the previous month, the Euro proceeded higher. The EUR/USD currency pair changed hands on the upside after a sharp decline witnessed during the end of the prior week, stepping up 0.24% to reach $1.1038. The single currency fell to

Mon, 26 Oct 2015 10:45:10 GMT

NZD/USD advances supported by China's rate cut

The New Zealand Dollar jumped up against its US counterpart due to the currency's recovery from the Bank of China's surprising announcement of an interest rate cut. The Kiwi reached $0.6793 during Monday's early European session, which was the session high. Following that, the currency pair was up 0.30% changing hands at $0.6772. Compared to the Euro, the Kiwi was

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