Julie Haviv
October 25, 2013

The euro hovered close to a two-year high against the dollar on Friday as a souring of German business morale did little to dent bullish sentiment toward the euro zone common currency.

German Ifo business sentiment data fell unexpectedly for the first time in six months, sparking concern about the impact of a stronger euro on the region’s exporters.

That followed sub-forecast euro zone private sector activity surveys on Thursday, suggesting that recovery in the euro zone has stalled.

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