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German sentiment strengthens Euro

More optimistic than expected sentiment of German businesses pushed the euro up against the US dollar, with the UK sterling pound also in strong form

By Richard Nehme | Sept. 18, 2013 11:22 BST
Euro continues to benefit from weaker USD
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The euro made slight gains in light of stronger than expected ZEW Economic Sentiment figures, and coupled with the fallout from the Larry Summers debacle in the US (the former Treasury man sensationally turned down the chance to lead the Fed), we saw a low of 1.3325 and a high of 1.3369. The next main resistance level remains at 1.34 [...]

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