Euro trades lower versus Greenback after German IFO

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Source: FXstreet
The shared currency remained apathetic towards the upbeat reading of Germany's IFO business confidence index. The EUR/USD pair was trading 0.47% lower at $1.1557 by 08:41 AM GMT. Meanwhile, the recent data revealed that sentiment in the German business sector slightly improved in August, as the IFO Business Climate Index rose to 108.3, above the 108 booked in July.
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