Economic data at a glance: Why the euro is rising after the strong ifo index | message

 The  euro was last traded at $ 1.2138. In the morning it had fallen below $ 1.21.

 The  European Central Bank (ECB) last set the reference rate on Friday afternoon at $ 1.2139.

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 The  mood in German companies brightened in February despite Corona restrictions. This supported the euro exchange rate. Compared to the previous month, the Ifo business climate rose to its highest level since October.

 The  increase was stronger than expected.

 The  companies rated their current situation as better as well as their future prospects.

“That was a clearly positive surprise,” said Uwe Burkert, chief economist at Landesbank Baden-Wrttemberg (LBBW). Apparently, the companies looked through the risks of a third corona wave.

 The  hitherto only hesitant progress in vaccinations did not dampen economic hopes either.

FRANKFURT (dpa-AFX)

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