Euro/Dollar gains 84 pips to erase previous losses, trading higher at 1.1932 after 2 months low .
Trading week in a glance - EUR/USD goes up to 1.1932, having dipped down to 1.1847 earlier. (Start trading Euro/Dollar at FXTM today).
This move comes while some more positive signs for Euro/Dollar are out as Germany Business Climate Index beats expectations of 100.6 with new data release of 101.8. This is also a step forward from the previous data of 99.2. United States Initial Jobless Claims released earlier shows an improvement to 411,000 from the preceding data of 418,000, but falls short of the projected 380,000.
More data out yesterday as data for Germany Current Assessment (Jun) released today at 8:00 AM comes out at 99.6, beating projections of 97.8 and showing improvement over the preceding figure of 95.7. Germany Business Expectations matches expectations with new data release of 104. This is also a step forward from the previous data of 102.9.
Euro/Dollar shows positive signs, other assets are also on par: GBP/NZD hits 1.996, highest price in 10 months. USD/SGD hits a new 2 months high at 1.3476.
At the same time at 151.29, Pound/Yen is down to its lowest value in 8 weeks.
Outlook for rest of the week: Market is looking forward for Germany Unemployment Change expected do decline to -9,000 when its preceding data was -15,000, data will be available Wednesday.