Euro Gains on Brimming German Confidence

The euro rose 0.4 percent to $1.3566 in New York this morning as a report showed business confidence in Germany beat predictions and rose to a record high in January.

“Recent data suggested the economic performance in Europe has been okay, and probably somewhat better than people expected,” said Adrian Schmidt, a currency strategist at Lloyds TSB Bank Plc in London. “There has been a lot of discussion about potential solutions to the crisis.”

Source: Bloomberg

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