Epic Research Singapore : Forex Market Update

The U.S. dollar extended losses against the euro on Monday, after Germany’s Ifo business climate index rose by more than expected, while the Japanese yen gained as Asia stock markets came under pressure.

The euro EURUSD +0.19% rose to $1.3760 from $1.3737 late Friday. The German Ifo business -climate index rose to 111.3 in February, from 110.6 in the prior month. That was more than economists had expected and marked the fourth-straight monthly improvement.

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