IFO triggers euro rebound
On Friday, the euro gained across the board as the German IFO business confidence was reported well above consensus. EUR/USD rebounded north of 1.35. EUR/GBP was off the recent lows. Even so, the UK currency remained well bid against the dollar. The yen continues to cede ground across the board with USD/JPY and EUR/JPY clearing important resistance.
Read the full report: FX Daily
KBC