Euro rises to 2-1/2 mth high vs dollar after IFO survey
LONDON |
LONDON Feb 23 (Reuters) - The euro rose to a 2-1/2 month high against the dollar on Thursday after German IFO survey easily beat forecasts and bolstered expectations that Europe's largest economy would escape a recession.
The euro jumped to $1.3330, its highest level since Dec. 12 on trading platform EBS, and up from $1.3297 before the survey was released. It had earlier started to climb on market talk of a strong IFO number.
(Reporting by Anirban Nag)
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