FXstreet.com (Jakarta) - The Euro (EUR) broke sharply higher after the German (April) IFO survey unexpectedly improved to 83.7 vs. 82.1 previously. German officials also suggested that there is no need for further German Stimulus.

Overall the EUR/USD traded with a low of 1.3115 and a high of 1.3301 before closing at 1.3247, said Easy Forex Team.

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