The Euro revealed a deceptive increase against the Greenback on Germany’s business climate data. The EUR/USD exchange rate added 4 base points to the 1.1809 mark and continued the session to continued being magnetized to the 1.1820 area.
German business sentiment fell unexpectedly this month after reaching an all-time high in November, a survey revealed on Tuesday, indicating the political deadlock in the country was clouding the outlook. The Munich-based Institute for Economic Research Ifo reported that Germany’s business confidence dropped to 117.2. However, experts warned of not over-interpreting the decline, as it could be difficult to anticipate better business conditions.
