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Germany: IFO – Business Climate up to 107.4 in February

According to data published on Friday by the CESifo Group, German IFO – Business Climate climbed from 104.3 in January to 107.4 in February. This is higher than market consensus of 105 and it is the highest result since April 2012 when it stood at 109.9.

IFO – Current Assessment increased to 110.2 in January, versus 108.1 the previous month and above forecasts of 108.5. IFO – Expectations rose to 104.6 from 100.6 and above expectations of 101.3.

Italy Consumer Price Index (EU Norm) (YoY) grows 2.4% in Jan and (M) decreases 2%

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Forex Flash: Upcoming LTRO repayment and Italian elections in focus - BTMU

Lee Hardman, FX analyst at the Bank of Tokyo Mitsubishi UFJ notes that the US dollar has stabilized in the Asian trading session following strong gains following the release of the less dovish than expected FOMC minutes.
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