Euro rebounds from earlier revenues on economic data

Euro rebounds from earlier revenues on economic data

On Tuesday, the common currency slid versus the greenback because data from Germany suggests business leaders in the EU’s number one economy have become less optimistic as for the future.

The currency pair EUR/USD hit 1.1799, tumbling from a maximum of 1.1819 hit earlier.

The Munich-based Ifo economic institute told that in November its business climate index, built around a monthly poll of some 7,000 companies, headed south to 117.2 from an upwardly updated outcome of 117.6, which turned to be the highest level on record.

The December result was lower than a Reuters consensus estimate for 117.5.

Political uncertainty in Germany has also put pressure on the common currency. On Friday, Germany’s Social Democrats decided to start negotiations in forming another government with Angela Merkel’s center-right party for the purpose of ending a political deadlock.

Meanwhile the common currency rallied versus the British pound, with EUR/GBP adding 0.25% trading at 0.8823.



Bitcoin stands still

On Tuesday, digital currencies were intact because the market managed to stabilize in the wake of the previous week’s abrupt selloff that pushed most crypto assets to 2018 minimums…


Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

promotions you can be interested in

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera