EUR/USD up above 1.3550 after Unexpectedly Strong German Data

The euro climbed to a four-year peak against the yen and rose for a second straight day versus the dollar on Friday after much-stronger-than-expected German business sentiment pointed to a continued rebound in Europe’s largest economy.

The euro was 0.3 percent up at 136.68 yen, having risen as high as 136.99 yen. Against the dollar, the euro was 0.3 percent up at $1.3518.

Germany’s closely watched Ifo survey of business sentiment rose far more than forecast in November, reaching its highest level since April 2012. That added to positive sentiment about German growth, the engine of the euro zone economy.


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