Single Currency Rose
Mario Draghi said inflation is improving and by that boosted the euro. The single currency has increased and euro/dollar lifted 0.70%, trading at 1.1260. Today, the United States will publish CB Consumer Confidence. Germany’s economic growth stays firm. Ifo Business Climate reached the maximum of 115.1. Ifo economic institute lifted its projections over German Gross Domestic Product for this year from 1.8% to 2.0%. Shrugging off Germany’s continuing requests to tighten policy, European Central Bank stands pat.