UERUSD
Forex Trading: EURUSD bid higher overnight
Posted by Greg Michalowski on Wed, 05/21/2008 - 7:33am in
The EURUSD was boosted higher overnight on the back of the better than expected IFO index out of Germany. The survey of 7,000 executives rose to 103.5 from 102.4. The expectation was for a decline to 102. The Expectation index also improved to 97.3 from 96.8. 96.4 was the expected number. The German economy accounts for roughly a third of the Eurozone GDP.
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