German Business Confidence Index rose significantly
Mar 25
2015
An economic survey
released today morning has showed that the German Ifo business index rose
higher than expectations to record 107.9, which is considered the highest level
in 8 months. And higher than the previous reading of the month of February
106.8.While the current assessment index
increased to 112.0 in March from 111.3 in February, in line with
expectations for a reading of 112.0.
The upbeat German economic
data indicated an improvement of the German and European economy, so the Euro
recovered slightly against the other currencies. However the single currency
remains under selling pressure amid the monetary policy divergence between the main
central banks.