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Germany: IFO – Business Climate improves to 105.7 in May

FXstreet.com (Barcelona) - According to data published on Friday by the CESifo Group, German IFO – Business Climate increased from 104.4 in April to 105.7 in May. Market consensus pointed less growth to 104.5.

IFO – Current Assessment climbed to 110.0 in May, from 107.3 the previous month, against projections of sliding to 107.2. IFO – Expectations remained unchanged at 101.6, as forecasted.

Flash: Euro remains supportive against USD - BTMU

Lee Hardman, FX analyst at the Bank of Tokyo Mitsubishi UFJ notes that the euro has remained relatively stable against the US dollar over the past week deriving support from tentative signs that the pace of economic recession in the euro-zone is easing.
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EUR/USD retakes 1.2950 on better IFO

The bloc currency advanced to 1.2960 after the German IFO indicator came in above estimates for the month of May...
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