Economic news

Review: Euro rises to two-month peak on business confidence in Germany

The euro reached a two-month high against the dollar on Monday due to strong German business confidence and easing concerns over political instability in Europe's largest economy.

The single European currency traded at $ 1.1929 after scaling $ 1,1994, its highest in two months.

The German business confidence index reached a fresh record peak in November, and confirmed expectations of strong growth in the euro zone’s largest economy.

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