Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Euro Pares Decline Versus Dollar as Ifo Confidence Index Rises

March 26 (Bloomberg) -- The euro pared its decline against the dollar after the Munich-based Ifo institute’s German business climate index unexpectedly increased in March.

The euro traded little changed at $1.3262 at 9:05 a.m. London time after dropping as much as 0.3 percent. It rose 0.4 percent to 109.71 yen.

The Ifo said its index, based on a survey of 7,000 executives, rose to 109.8 from a revised 109.7 in February. Economists forecast it would remain unchanged at the initial February reading of 109.6, according to the median of 44 estimates in a Bloomberg News survey.

To contact the reporter on this story: Paul Dobson in London at pdobson2@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.