Euro rises following German Ifo

Source: WBPonline
© Scanpix\Reuters
The Euro block's currency advanced versus the U.S. Dollar, after the German Ifo business climate indicated that confidence in Germany increased in July. The common currency jumped 0.14% to $1.3119 versus the U.S. Dollar and declined 0.07% to 132.12 versus the Yen, and retreated 0.18% to 0.8601 against the Sterling. The German Ifo Business Climate Index gained to 106.2 this month.
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Thu, 25 Jul 2013 09:51:07 GMT

German bunds drop for third day as business sentiment jumps

German government bunds decreased for a third day in a row after data indicated business confidence in Germany advanced more-than-expected in July. German 10-year bund yield increased two basis points to 1.66% and the 1.5% security maturing in May 2023 retreated to 98.525. German business climate index increased from 105.9 in June to 106.2 in July.

Thu, 25 Jul 2013 08:32:15 GMT

Pound jumps against Dollar ahead of report expected to show U.K. GDP rise

The Sterling advanced heading towards the strongest level in four weeks versus the U.S. Dollar ahead of data that economists said will indicate U.K. economy expanded at a faster pace in the second quarter. The Britain's Pound added 0.3% to $1.5355 and appreciated 0.1% to 86.07 pence versus the 17-nation currency.

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