The euro jumped after the Sentix Investor Confidence unexpectedly climbed and returned to the positive territory, adding to signs of economic recovery in the eurozone.
The index advanced from -4.9 in August to 6.5 in September. The actual increase was well above the forecast value of -4.0. The report said:
This is the second-strongest rise of the indicator since its inception in 2003. The index also manages to reach positive territory for the first time since July 2011.
The data is yet another evidence of recovery in Europe. Unsurprisingly, the euro profited from this.
EUR/USD jumped from 1.3161 to 1.3253 yesterday and traded at 1.3251 as of 1:19 GMT today. EUR/JPY was near 132.04 after rising from 131.24 to 131.97. EUR/GBP edge up from 0.8425 to 0.8444 and traded at about this level today.
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