FXstreet.com (Barcelona) - After Today's reports, Euro looks stronger than yesterday with the EUR/USD jumping to 1.5739 (see at 13:22). Unexpected weakness in US Durable good is accelerating dollar losses support by the IFO figures higher than expected.

Ashraf Laidi, from CMC Markets says 'it was a strong IFO business survey that pushed the euro above the $1.50 level a month ago for the first time and it is a 7-month high in the March IFO survey that's giving the euro a 1.5 cent rebound following last week's sharp losses in the currency'

Laidi concludes that 'The prolonged contrast of economic data between the US and the Eurozone Germany may grease the wheels for the euro to reach the $1.60 figure as early as next week'.