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EUR/USD edges off lows after German IFO Index beats forecasts

The March German IFO Business Climate index has just been released and it has beaten forecasts. The index rose to 87.8 from 85.5 and the current assessment has lifted to 88.1, from 86.9. The news has helped to lift the EUR/USD off its earlier session low at 1.0808. The gain is not significant at this stage and right now it looks like it has merely stemmed the downside for the time being. That said this report was mildly encouraging. The EUR/USD is just now trading at 1.0817 

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