The German Ifo Index Has A Record High Of &Nbsp; The Euro Rose 0.97% Against The US Dollar On Friday.
Beijing time on the morning of January 22nd, announced on Friday German Ifo business confidence index There was an unexpected strong momentum. Euro Subject to promotion dollar Came to the eight week high. The US dollar fell against all major currencies on Friday.
At the close of the foreign exchange market, the US dollar index for tracking six major currencies was 78.15 points, or 0.85%.
The euro rose to 0.97% against the US dollar at $1.3598, and the euro came to $1.3635 in intraday time, the price since mid 11.
The US dollar to Japanese yen was 82.61 yen, or 0.52%.
Early Friday, data from the Munich based Ifo Association showed that business confidence index rose to 110.3 in January, higher than market expectations, and the highest level in 20 years.
The index is 109.8 in December.
The news of Germany's strong economic growth has driven the euro trend.
On the other hand, Premier Luxemburg said on Thursday that the proposal to expand the size of the euro zone trapped state aid fund will be raised in a matter of weeks.
Juncker presided over the finance ministers meeting of the 17 countries on the same day.
The pound fell to $1.6001 on Friday, or 0.62%.
Retail sales fell 0.8% in December, almost two times the expected value, the office of National Statistics said on Friday.
This also resulted in a 0.2% increase in retail sales in the fourth quarter compared with the previous quarter.
The previous two quarters rose by 1.5% and 1% respectively.
In other currencies, the Australian dollar rose to 0.24% cents against the US dollar, while the US dollar closed against Canadian dollar at 0.9947 Canadian dollar, or 0.3%, in 98.96 yuan.
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