Monday, August 27, 2012

Reuters: US Dollar Report: Euro rises after mixed German Ifo survey

Reuters: US Dollar Report
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Euro rises after mixed German Ifo survey
Aug 27th 2012, 08:14

LONDON | Mon Aug 27, 2012 4:14am EDT

LONDON Aug 27 (Reuters) - The euro rose to a session high against the dollar on Monday after an influential survey of German business sentiment was not as bad as some had expected.

The euro rose to $1.25305 after the Ifo survey was released, from around $1.2515 beforehand -- up 0.15 percent on the day.

While the Ifo business climate index fell slightly more than expected in August, the current conditions index held up better than forecast.

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