|
|
Article: Euro Fails To Hold Onto Gains From Fifth Straight Rise in German IFO, U.S. Durable Goods Ahead.(Institute for Economic Research)
- Article from:
- Mena Report
- Article date:
- August 26, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Summary: The Euro saw support leading up to the German IFO reading and a brief spike following the release, but has since come under pressure. The business sentiment...
The Euro saw support leading up to the German IFO reading and a brief spike following the release, but has since come under pressure. The business sentiment reading rose for a fifth straight month to 90.5 from 87.3, beating forecasts of 89.0. The expectations component soared to 95.0 from 90.4, with the current outlook showing an improvement to 86.1 from 84.4.Talking Points • Japanese Yen: Finding Support As Risk Appetite Wanes • Pound: Continues To Trade Lower on Growth Concerns • ...