RPT-Euro jumps vs dollar after strong Ifo

Fri Jun 24, 2011 4:14am EDT

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LONDON Jun 24 (Reuters) - The euro jumped broadly on Friday after a strong-than-expected reading of German business sentiment added to the view the German economy is continuing to improve, even as weaker peripihery economies struggle. The euro rose around 30 pips to $1.4239, but still traded 0.2 percent lower on the day. It edged up around 20 pips against sterling to a session high of 89.25 pence , trimming earlier losses to trade flat on the day. (Reporting by London Forex Team)

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