Euro rises to fresh three-week high after German IFO
LONDON Nov 23 (Reuters) - The euro rose to a three-week high against the dollar while European stocks trimmed losses on Friday after German IFO numbers showed a surprise improvement in business sentiment.
The euro touched a fresh three-week high of 1.2913 from $1.2880 before the data and breaking through resistance level of $1.2910, its 55-day moving average, after data showed the German business climate index had risen to 101.4 in Novemeber.
The pan-European FTSEurofirst 300 trimmed losses after the data to trade down 0.2 percent at 1,101.35 points, off a session low of 1,100.51.
- U.S. immigration protesters drop U.S. border blockade plan
- Exclusive: Angry with Washington, 1 in 4 Americans open to secession
- Defeated nationalist leader says Scots 'tricked' out of independence
- Selling Mitch McConnell: What's love got to do with it?
- Kurds issue new call to arms against Islamic State in Syria |