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Euro rose in the foreign exchange session in London, as the results of German Ifo survey were released. At the beginning of Friday (European time), the euro was traded at 1.3190, and even temporarily reached 1.3260, and then got settled at the level of 1.3240, when the survey data was released.

As a result of the survey, traders could observe, that the index of expectations has been rising for three months in a row. And although these are not results of growth or any positive incline, these results of the survey indicate that the real economy is starting to be less pessimistic.

The United States dollar experienced some growth at the afternoon forex trades in London after the changes in oil prices and quite high US data issued. The fall of the oil prices doesn’t eliminate the inflation but now the danger the market facing is not do sharp. Let’s consider the current situation, the oil prices reached the point over $135 last week and then decreased below the $130. The European governments are under pressure of the demonstrations concerning high oil prices that make the French President to request the decrease of the Europe’s VAT on oil.