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German Ifo Index: mixed results anticipated – TDS

FXStreet (Barcelona) - The TD Securities Team previews the German Ifo index data release, expecting a mixed outcome as ZEW report came out strong but PMI remained soft.

Key Quotes

“The German IFO index for April is expected to be mixed after a strong ZEW report but weaker PMI. We think the risks lie to the upside for the headline business climate and the current assessment, but see risks are more balanced for expectations.”

EUR/USD spikes near 1.0870

The single currency extends its upside momentum now, pushing EUR/USD to fresh highs near 1.0870...
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USD/JPY breaks below 100-DMA

The US dollar finally surrendered the 119.50 level and dived deeper in red versus the yen, knocking-off USD/JPY to fresh session lows, as renewed USD sell-off at Europe open as European traders digested weak US macro data released in US last session.
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