German Business Confidence Index rose significantly




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.

MBCFX Forex & CFDs Brokerage Firm