The Euro is recording an upscale pace against the Dollar after reports on stronger than expected data in regards to the business climate in Germany, analysts, however, anticipate risks for the European currency, even if the results of today’s European Bank Stress tests are positive.
As announced earlier, the business climate index of the Ifo Institute rose to 106.2 points in July, against forecasts of 101.6 points.
The Euro dropped today at $1.2861 against the dollar, after the publication of El Pais that some of the banks of the 18 countries in the Eurozone failed on stress tests. However, losses were limited, pending official results.
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