Germano Ifo up at 107.5

Monday, 26 September 2011 11:21

German Information and Forschung Business Climate was released minutes ago with better figures than expected.  The Index was released at 107.5 for the current month; lower than previous 108.7 but higher than 107.0 forecasted.

Usually, the Euro would rally on positive news as such; but the currency remained almost the same as it was prior the news trading.  EURUSD was at 1.3425, climbed up to 1.3433 and back down to prior news trading.