By HotForex | Daily Forex Analysis | Mon, Apr 23, 2012
EURUSD rose on Friday due to positive German economic data and
reassuring comments from the International Monetary Fund reaching highs
around 1.3226. G20 Finance Ministers and Central Bank Governors reached
an agreement to increase funding resources of the International Monetary
Fund by over $430 billion to safeguard global financial stability. The
GermanIfo Institute for Economic Research reported that its index of
business climate rose to 109.9 in April.