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Germany: IFO – Business Climate down to 106.7 in March

FXstreet.com (Barcelona) - According to data published on Friday by the CESifo Group, German IFO – Business Climate decreased slightly from 107.4 in February to 106.7 in March. Market consensus pointed to an increase to 107.6.

IFO – Current Assessment fell to 109.9 in March, versus 110.2 the previous month, against forecasts of rising to 110.4. IFO – Expectations slid a notch to 103.6 from 104.6 and against expectations of growing to 104.9.

Forex: EUR/USD back to highs after IFO

After a logical knee-jerk reaction to the vicinity of 1.2890, the shared currency quickly regained the 1.2900 handle after the German IFO disappointed investors in March. The indicator followed...
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Forex Flash: European and US stocks markets down on ongoing Cypriot woes - OCBC Bank

OCBC Bank analysts note that European and US stock markets lost ground on continued concerns over the Cypriot situation and weak Eurozone PMI data, which has overshadowed solid US housing and manufacturing data.
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