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Markets

Euro rises after mixed German Ifo survey

Published Updated

euro2 400LONDON: 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.

Copyright Reuters, 2012

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