Germany's No. 1 think tank business climate ticked up to 109.9 points. Early expectations stood on a drop from 109.8 to 1.09.6.
EUR/USD leaps above 1.3165 following the publication - this line capped it yesterday.
The IFO's Current Assessment for April also surprised by rising to 117.5 from 117.4 instead of sliding to 117 points. IFO Expectations remained unchanged at 102.7, better than a predicted slide.
Read the rest of the article [B][I][URL="http://www.forexcrunch.com/german-ifo-business-climate-surprises-and-rises/"]German Ifo Business Climate Surprises and Rises – EUR/USD Breaks Resistance[/URL][/I][/B]
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