The euro ended the Friday’s trading session higher against the US dollar but lower against some other most-traded currencies, including the Great Britain pound and the Japanese yen.
Friday’s economic data from Europe was mildly positive as the Ifo Business Climate Index for Germany improved to 108.6 in April from March’s 107.9. Yet the favorable indicator did not provide a substantial boost for the currency of the eurozone.
The major negative factor remains uncertainty around the situation with Greece. As for positive influences, the stream of soft economic data allowed the euro to outperform the dollar. The poor US economic indicators pushed the greenback lower, alleviating pressure on other currencies, including the euro.
EUR/USD went up from 1.0822 to settle at 1.0867. At the same time, EUR/GBP declined from 0.7186 to 0.7157 and EUR/JPY fell from 129.41 to close at 129.17.
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